Scott Russell and Julia White to Leave SAP Executive Board

Group 1 - SAP's Chief Revenue Officer Scott Russell and Chief Marketing and Solutions Officer Julia White will leave the Executive Board effective August 31st, 2024, as part of a strategic transition to enhance the company's focus on cloud and AI-first strategies [4][5][6] - The SAP Supervisory Board believes this is the right moment to embark on the next era of growth, thanking Russell and White for their significant contributions to SAP's cloud transformation [2][6] - CEO Christian Klein will temporarily take over the sales organization while a search for Russell's successor is underway, indicating a commitment to maintaining leadership continuity during this transition [1][6] Group 2 - The changes in the Executive Board structure aim to strengthen the synergy between product marketing and product teams, streamlining operations to support a cloud-first model [5] - SAP is positioning itself to further expand its leadership in enterprise software by prioritizing Suite- and AI-first strategies, which are seen as key areas for future growth [2][6] - The company has a long-standing reputation as a global leader in enterprise applications and business AI, trusted by organizations for over 50 years to integrate critical business operations [7]