SAP AG (NYSE:SAP) (FRA:SAP) (ETR:SAP) has announced that it will change from having two co-CEOs to a more traditional structure next year. Co-CEO Jim Hagemann Snabe is expected to leave his position and join the supervisory board following a shareholder vote in May of next year, leaving fellow co-CEO in charge, Cornelius Rahn of Bloomberg reports.
SAP briefly most valuable company in Germany
SAP AG (NYSE:SAP) (FRA:SAP) (ETR:SAP) first appointed the two men in 2010 to replace Leo Apotheker, who many shareholders held responsible for the company’s stagnant revenues. Since then...
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