According to Germany’s Boersen-Zeitung newspaper, SAP is considering the elevation of current Deputy Chief Executive Leo Apotheker to co-CEO alongside Henning Kagermann.
If it pans out, it won’t be the first time SAP has had a co-CEO; Kagermann was once co-CEO along with Hasso Plattner. Co-CEOs aren’t unheard of in business; companies ranging from Schwab to Verizon have had them. For some reason, though, the phenomenon is much rarer in the technology industry. Can you imagine Larry Ellison or Marc Benioff having co-CEOs?
Apotheker is supposed to become co-CEO next month, according to Boersen-Zeitung’s anonymous sources. Keep your eyes peeled.
Demir Barlas, Site Editor