Scott Russell and Julia White to Leave SAP Executive Board
Rhea-AI Summary
SAP SE announced that Executive Board members Scott Russell and Julia White will leave the company on August 31, 2024. Russell, Chief Revenue Officer, helped customers transition to the cloud, while White, Chief Marketing and Solutions Officer, modernized marketing and built product marketing for a cloud-first model. CEO Christian Klein will temporarily lead sales, and product marketing will be integrated with product teams. The SAP Supervisory Board views this as an opportunity to enter the next growth phase, focusing on a Suite- and AI-first strategy. These changes aim to accelerate SAP's transformation and strengthen its position as a leading enterprise software company.
Positive
- Opportunity to develop full potential of SAP's best-of-suite offering
- Streamlining of Executive Board structure
- Strengthening synergy between product marketing and product teams
- Acceleration of company's transformation towards Suite- and AI-first strategy
Negative
- Departure of two key Executive Board members
- Temporary leadership gap in sales organization
- Dissolution of distinct Marketing & Solutions board area
WALLDORF,
Chief Revenue Officer Scott Russell has played a central role in helping SAP customers around the world on their journey to the cloud. His success gives SAP the opportunity to develop the full potential of the company's best-of-suite offering, ensuring customers take advantage of SAP's solutions to maximize agility and innovation. A search for Scott Russell's successor is underway. SAP CEO Christian Klein will assume responsibility for the sales organization in the interim.
Chief Marketing and Solutions Officer Julia White has successfully modernized marketing and communications while also building SAP's product marketing function to support a cloud-first model. SAP will now strengthen the synergy between product marketing and product teams by bringing those teams together. The SAP Supervisory Board and Julia White agreed that this notable shift marks an appropriate juncture to dissolve the distinct Marketing & Solutions board area. This adjustment, effective September 1st, streamlines SAP's Executive Board structure.
"In the context of SAP's ongoing successful cloud transformation, the SAP Supervisory Board believes now is the moment to embark on the next era of growth," said Pekka Ala-Pietilä, Chairman of the Supervisory Board SAP SE. "We thank Scott Russell and Julia White for their significant accomplishments and wish them all the best in their future endeavors."
"Scott and Julia have contributed significantly to SAP's successful business transition in the cloud and our leadership in Business AI," said SAP CEO Christian Klein. "I'm pleased to take this opportunity to thank them for their unwavering dedication to our clients and partners, and to join the Supervisory Board in wishing them all the best for the future."
This strategic transition occurs at a time of strength for SAP. The changes will further accelerate the company's transformation and enhance its focus on a Suite- and AI-first strategy. By prioritizing these key areas, SAP is positioning itself to further expand its position as a leading enterprise software company.
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About SAP
As a global leader in enterprise applications and business AI, SAP (NYSE:SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit www.sap.com.
This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP's 2023 Annual Report on Form 20-F.
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SOURCE SAP SE
FAQ
When will Scott Russell and Julia White leave SAP's Executive Board?
Who will assume responsibility for SAP's sales organization after Scott Russell's departure?
What changes are being made to SAP's product marketing function?
How does this transition align with SAP's strategy?
