Jim Hagemann Snabe
SAP will no longer have two chief executives. The software company announced that Jim Hagemann Snabe will step down as co-CEO next May, leaving Bill McDermott as the sole CEO of SAP. Snabe will also resign from the board of directors and take a seat on the company's supervisory board. He became co-CEO with McDermott in 2010 after the resignation of former chief executive Leo Apotheker. Snabe joined SAP in 1990 and served in a number of executive roles, including senior vice president and chief operations officer of SAP's business solution group.