SAP Chief Quits

Posted: February 9, 2010 in Tech

SAP AG Chief Executive Leo Apotheker resigned as the German software company said it would return to a dual-CEO structure. The company said it had “reached a mutual agreement” with Mr. Apotheker, a 20-year veteran of SAP, not to renew his contract after less than a year as solo chief executive.

Mr. Apotheker was appointed as co-chief executive, alongside Mr. Kagermann in 2008, and became the sole chief executive in May of last year.

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