SAP SE (SAP) Reports Q1 EPS of EUR0.85 on Revenue of EUR6.52B

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SAP SE (SAP) Announces Departure of Co-CEO Jennifer Morgan; Christian Klein to Continues as CEO, Executive Board Member

April 21, 2020 5:48 AM EDT

SAP SE (NYSE: SAP) today announced that Christian Klein (39), Co-Chief Executive Officer and member of the Executive Board, will continue as sole Chief Executive Officer. Jennifer Morgan (48), Co-Chief Executive Officer and member of the Executive Board mutually agreed with the Supervisory Board of SAP SE that she will depart the company, effective April 30th 2020.

More than ever, the current environment requires companies to take swift, determined action which is best supported by a very clear leadership structure. Therefore, the decision to transfer from... More