SAP Announces New Co-CEO, Resignation of Board Member

March 29, 2007

On the heels of a law suit from Oracle and two quarterly earnings misses, SAP AG announced a major executive reshuffling.

On the heels of an explosive law suit from Oracle and two quarterly earnings misses, SAP AG announced on March 28 a major executive reshuffling that includes the resignation of Shai Agassi, the executive board member in charge of application development as president of the Product and Technology Group.

The company also announced Leo Apotheker, president of Customer Solutions & Operations, will assume the new role of Deputy CEO, effective immediately.

Considered a wunderkind of sorts, Agassi joined SAP in 2001 when SAP acquired his company, TopTier. He quickly moved up the ranks and was appointed, in April 2002, to the SAP's executive board. He was the first non-German member of the company's board.

In a statement released on the afternoon of March 28, SAP said Agassi, by mutual agreement with the company, will leave to "more quickly commit himself to his personal agenda of environmental policy and alternative energy sources, and other issues."

During his tenure at SAP, Agassi really drove the company's platform strategy, including the development of NetWeaver and mySAP ERP, SAP's next-generation application suite announced last year.

He was also seen as heir apparent, in line with Apotheker, to take the CEO helm when Henning Kagermann's contract expires in 2009.

Copyright 2007 by Ziff Davis Media, Distributed by United Press International

Explore further: Modi touts social media, tech development in Facebook visit

Related Stories

Modi touts social media, tech development in Facebook visit

September 27, 2015

Indian Prime Minister Narendra Modi touted the power of social media and his own goals for developing India's tech economy on Sunday, speaking to a global audience from a "town hall" meeting at the headquarters of the world's ...

Oracle agrees to $306 mn settlement in SAP case

August 3, 2012

US business software giant Oracle said Thursday it agreed to accept a $306 million settlement from German rival SAP to shortcut the appeals process in a suit over massive copyright infringement.

Oracle to pay $1.9B for Taleo, extends SAP rivalry

February 9, 2012

(AP) -- Oracle Corp. is escalating its rivalry with German business-software maker SAP AG and plans to pay $1.9 billion for Taleo Corp., a company that helps businesses hire and manage their employees.

SAP, Infineon Ease Integration of RFID Hardware and Software

October 5, 2004

SAP AG and Infineon Technologies AG today announced a new radio frequency identification (RFID) offering to meet companies’ needs to connect and manage RFID hardware and software from multiple vendors. Based on the SAP ...

Recommended for you

The ethics of robot love

November 25, 2015

There was to have been a conference in Malaysia last week called Love and Sex with Robots but it was cancelled. Malaysian police branded it "illegal" and "ridiculous". "There is nothing scientific about sex with robots," ...

No lens? No problem for FlatCam

November 23, 2015

How thin can a camera be? Very, say Rice University researchers who have developed patented prototypes of their technological breakthrough.


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.