SAP hopes to restore trust with new management

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Link: http://news.ecombizcenter.com

A new SAP management team will focus on restoring trust inside and outside of the enterprise application software company that was lost over the past couple of years as a result of business polices that resulted in discontent among SAP employees as well as customers, Hasso Plattner, chairman of the company’s Supervisory Board. 

Plattner said making SAP a “happy company again” was a key objective after company on Feb. 7 named co-CEOs, Bill McDermott?, head of SAP’s field organization and Jim Hagermann Snabe, head of product development to replace the former sole CEO Leo Apotheker, who resigned over the weekend. Apotheker resigned after he and the SAP Supervisory Board “reached a mutual agreement” not to extend his contract as CEO and as a member of the SAP Executive Board. 

Plattner emphasized that there “was no difference of opinion between Leo and myself on strategy” and claims to the contrary are false. But Plattner indicated that the Supervisory Board decided that something needed to be done to get SAP back on a path to solid growth. Apotheker’s resignation came barely a week after Germany-based SAP announced a 12 percent non-GAAP decrease in operating income for the full year 2009, while total non-GAAP revenue for the period declined 9 percent. 

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