By Harro Ten Wolde MANNHEIM, Germany (Reuters) – German business software company SAP is not planning to return to having two chief executives, its new sole CEOP said on Wednesday, as surging demand for online products calls for a faster pace of decision-making. Since 2010 the company has been run by two CEOs, but last year it was suddenly announced that Jim Hagemann Snabe, aged 52, would be joining the supervisory board, leaving 46-year-old American Bill McDermott in sole command once shareholders approved the move at the annual general meeting which was held on Wednesday. Some investors had hoped a more prominent role might have been given to SAPs technology chief Vishal Sikka under McDermotts leadership, but Sikka unexpectedly stepped down earlier this month.
SAP says no plan to return to having two CEOs
21
May
2014
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