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Biography
Education
Jennifer finished James Madison University in Harrisonburg, the State of Virginia.
Career
At the beginning of the career Jennifer worked at different executive positions in Siebel Systems and Accenture.
Jennifer worked at several executive positions in SAP from the moment of arrival to the company in 2004. As the head of Public of the sector of SAP in North America, and then as the president of division of Regulated Industries. She was an ideological inspirer in the field of work with public sector, represented SAP in the U.S. Government and addressed the U. S. Congress. Held a post of the president of SAP in North America where it directed fast transition of the region to a cloud. Jennifer also played an important role in the region, advancing such programs of integration, such as, "Autism at work".
Jennifer became the first American who entered into Executive council of SAP when she was appointed the president of regions of North and South America and Asia in 2017. In this role she was responsible for income, strategy and success of clients of SAP in North America, Latin America and the Pacific Rim.
Held a post of the president of Cloud Business Group in SAP, supervising Qualtrics, SAP SuccessFactors, SAP Ariba, SAP Fieldglass, SAP Customer Experience and SAP Concur. Jennifer headed fast and aggressive transition of the company to cloud computing, in a zone of its responsibility there were revenue, product development, researches, sales and marketing of cloud business of SAP.
2019: Appointment of SAP as the CEO
On October 11, 2019 SAP announced dismissal Bill Makdermotta who directed the company for 9 years.
From this day the position of the CEO of SAP was held jointly by the head of cloud business of the company Jennifer Morgan and the operating officer Christian Klein. Makdermott will remain in SAP until the end of 2019 as the consultant to help the company to perform smooth replacement of the leadership.
 | Without Bill McDermott there would be no what is SAP today — the chairman of the supervisory board of SAP Hasso Plattner says. — Bill made an invaluable contribution to development of the company, he was the main inspirer of transition of SAP to a cloud who will stimulate our growth as early as many years. We are grateful for everything that he made for SAP. And also we congratulate Jennifer and Christian on an opportunity to strengthen the strong base of the future of SAP. More than a year ago we with Bill made the decision to expand Jennifer and Christian's roles within long-term process of transformation them in our leaders of the next generation. We are sure of their vision and opportunities as transition to a new growth phase and implementations of innovations is necessary to us. |  |
As reported in the press release of SAP, under the leadership of Bill McDermott there was a significant growth in SAP, expansion of a portfolio, important transition to clouds. Key indicators, including the market value, income, profit, the involvement of employees and ecological sustainability, considerably became stronger since 2010.
According to the director of EAConsult Joshua Greenbaum, Bill McDermott could fix SAP in the cloud market and begin difficult transition to absolutely new business method, still bringing income which investors want.
From approval of the supervisory board the company implements the succession plan of the management designed to save the saved-up examination and to expand possibilities of heads in anticipation of transition by new 2020.
The management structure the company assuming in staff of two CEOs is implemented not only in SAP, but also the competing companies — Oracle and Salesforce. Till 2014 in SAP the head's position was also divided between two top managers.
Stocks of SAP at the beginning of biddings in Frankfurt jumped up on October 11, 2019 in the price for 8.1%, record rates since April. Since the beginning of the 2019th capitalization of the German company grew by 31%.[1]
For the first time the company from the main German DAX market index was headed by the woman.
| | It is a signal for all enterprises: it is possible, - the businesswoman Monika Schulz-Strelow heading public organization under the name "Women - in the supervisory boards told" (FidAR), playing for wider representation of women in governing bodies of the German joint-stock companies. | |
She called SAP "a sample of the big concern which is systematically attracting women in the top management and by that realizing their potential".
It agrees to the research of consulting company Ernst & Young (EY) published in the summer of 2019, in Germany in boards of joint-stock companies which business is connected with information technologies, raw materials, pharmaceutics or biotechnology, women are provided most poorly. It is significantly more than them in the top operational management of telecommunication, financial and logistic concerns.
Makdermott helped to select the successors, observing the tradition of internal hiring accepted in the German software company with 47-year history.
As of October, 2019 Jennifer Morgan is a part of Board of Directors of Bank of New York Mellon and also non-profit council of Fund of National academy (NAF), is the adviser of James Madison University.
2020: Departure from the job of the CEO of SAP
On April 21, 2020 SAP announced Jennifer Morgan's leaving from a post of the CEO of the company. Since April 30 this position will be held alone by 39-year-old Christian Klein. The German producer of the corporate software connected top-level restructuring with a pandemic of a coronavirus of COVID-19 which influences activity of the companies and pushes them to changes.
As noted in SAP, 48-year-old Jennifer Morgan and Board of Directors of the company came to single solution about dismissal and preserving of one CEO.
| | This Wednesday more than ever demands from the companies of acceptance of fast and drastic measures, and they are best of all supported by accurate structure of the management. The decision to refuse structure from two CEOs for benefit of one was made earlier, than was planned to provide strong and clear company management during unprecedented crisis" - said in SAP. | |
According to Christian Klein, in the conditions of approach of the global problems connected with a coronavirus, SAP took a good position which will help to experience difficulties and to adapt to new conditions. This position is reached thanks to emphasis of SAP on increase in more predictable profit and a geographical and industry variety of business and also use of a steady business model and support of relevance of a product portfolio, he said.
In a conversation with journalists Klein also added that SAP wanted to return to management model with one CEO, but did not think of specific terms. At approach of crisis suitable time has come, the top manager reported.
As the informed informant told Bloomberg, SAP was a supporter of structure from two heads, but after spread of a coronavirus such model, according to the company, stopped being sensible.
Notes
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