Plus   Neg

SAP Announces Organizational Changes - Quick Facts

SAP SE (SAP) said its sales, service and related customer success organizations will be bundled in the Customer Success board area managed by Adaire Fox-Martin. Product management, development and product support will come together under one board area led by Thomas Saueressig. Juergen Mueller will be responsible for delivering integrated data management solution in addition to managing overall platform and technology development as well as intelligent technologies.

SAP is also establishing six primary solution areas: SAP Customer Experience, SAP S/4HANA, People, Intelligent Spend, SAP HANA & Analytics, and Qualtrics. SAP Cloud Platform will serve as the underlying technology platform for all these areas.

SAP announced that Executive Board members Stefan Ries and Michael Kleinemeier have agreed with the Supervisory Board to leave the company.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Samsung Electronics Co Ltd (SMSN.L, SSNNF.OB, SSNLF.OB) expects that its first-quarter operating profit will increase about 2.73 percent from last year, sales will also increase 4.98 percent. JPMorgan Chase CEO Jamie Dimon said it expects the bank's earnings to be "down meaningfully" in 2020 due to the disruptions created by coronavirus pandemic. He also noted that the U.S. was not adequately prepared for the pandemic. In his annual letter to the company's shareholders, Dimon said that the bank's board may consider suspending the dividend in an extremely adverse scenario. The U.S. Food and Drug Administration launched a national effort to facilitate the development of blood-related therapies to combat the ongoing coronavirus (COVID-19) pandemic. The FDA is focused on two investigational therapies derived from human blood called convalescent plasma and hyperimmune globulin, which are antibody-rich blood products made from blood donated by people who have recovered.
Follow RTT