The CEO of SAP on why having 2 chief execs didn't work out for the tech giant amid the coronavirus crisis: 'You have to make fast decisions. You cannot wait forever.'
SAP CEO Christian Klein explained the sudden transition in April when his co-CEO Jennifer Morgan stepped down suddenly as the tech giant was reeling from the coronavirus crisis.But Klein said having two CEOs proved to be ineffective for leading the software behemoth, which has 100,000 employees which, like most tech companies, has had to make drastic changes due to the coronavirus crisis.
When they were named SAP's co-CEOs in October, Christian Klein and Jennifer Morgan pointed to two key ingredients of what they said was a strong working relationship.But by April — just about six months later —, leaving Klein as the German software giant's sole CEO, after a jarring transition that saw the sudden departure of one of the most prominent women CEOs in tech.
Klein discussed the transition as the company unveiled its latest initiatives at its Sapphire Now customer event, including new software geared to improving supply chain management. "When you are in a co-CEO model, that's really hard," he said. "In this crisis, you have to make fast decisions. You cannot wait forever."Klein had served as SAP's chief operating officer and had been focused on the company's flagship product, its suite of enterprise applications. Morgan, who has served as SAP president, led the tech giant's cloud business, which had grown largely through acquisitions.
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