Changes At The Top?
There's a new guy in charge at SAP, but you might recognize him as Bill McDermott. Tuesday's conference call seemed like a send-off for co-CEO Jim Hagemann-Snabe as McDermott congratulated him on 20 years of service and gave him a big hug. JHS won't be joining the company's Supervisory Board until May, but McDermott's well wishes seemed like a goodbye. Snabe will still be co-CEO, technically, during the next quarterly conference call in April, but company sources couldn't say whether he will be on that call.
Then there's the matter of McDermott himself. Is it me, or did he look different? Was it the hair? It's usually perfect, but it looked a little tousled on today's call. Maybe it's the weight of responsiblity now that he's soon to be the sole CEO.