 "SAP's McDermott steps down; Morgan, Klein become co-CEOs")
BERLIN (Reuters) - Bill McDermott stood down on Friday after a decade at the helm of SAP and will be replaced by Jennifer Morgan and Christian Klein, who will become co-CEOs with immediate effect, said the German business software company.
SAP announced the move after rushing out third-quarter results, bringing down the curtain on an era in which McDermott undertook a string of acquisitions that drove growth but also created complexity that frustrated many clients.
STORY CONTINUES BELOW THIS AD
(Reporting by Douglas Busvine; Editing by Tom Hogue)
This story has not been edited by Firstpost staff and is generated by auto-feed.
End of Article
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
