BERLIN: Software company SAP said the head of its cloud business group had quit, the latest in a string of top departures as Europe's most valuable technology company reshapes its operations.
Programming gurus Rich Heilman and Thomas Jung - both highly respected among SAP developer specialists - said last month they had been let go by SAP, but have now found new roles and are staying, a company spokesman said.The departures underscore McDermott's long-stated ambition to transform SAP into a digital platform business, but the exit of long-serving and well-regarded staff with extensive know-how risks alienating core customers.
SAP shares have risen steadily in recent weeks from a nine-month low of 83.95 euros set on Jan.3. They closed at 102.5 euros on Friday, down 1.1 pct on the day.
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SAP's head of cloud business latest top departure in restructuringSoftware company SAP said the head of its cloud business group had decided to leave the company, the latest in a string of top departures as ...
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