SAP, a software company, announced that the head of its cloud business group had stepped down from his position. It comes as the latest in a series of top departures as the most valuable technology firm in Europe attempt to reshape its operations.
Robert Enslin joined SAP in 1992. He had served on its board since 2014, had been considered by some as a potential successor to Bill McDermott, the chief executive of the company, however, he has departed to take an unspecified opportunity elsewhere.
During his two-year stint as the head of the cloud business group, Enslin was able to help build out the cloud portfolio of SAP, including its $8 billion deal in 2019 to acquire Qualtrics, a firm which specialises in tracking online sentiment.
SAP did not disclose if he was receiving any sort of payoff.
The resignation of Enslin follows other high-profile departures in the company, including chief technology officer and head of SAP’s cloud platform business, Bjoern Goerke, and the board executive who ran global service and support, Bernd Leukert.
Last month, programming gurus Thomas Jung and Rich Heilman who are both highly respected among the developer specialists of SAP, said that they had been let go by SAP, however, a company spokesperson said that they have now found new roles and are staying.
The departures underscore long-stated ambition of McDermott to transform SAP into a digital platform business, however, the exit of long-serving and well-regarded employees with extensive know-how risks alienating core customers.
Last January, SAP said that approximately 4,400 people would leave under a restructuring. Oracle, its arch-rival, has also announced layoffs and some of its top talents has transferred to Google.
The shares of SAP have risen steadily in the past weeks from a nine-month low of 83.95 euros that was set on January 3. They closed at 102.5 euros last Friday, down by 1.1 pct on the day.
SAP said that Jennifer Morgan, a board member who joined the company in 2004 and most recently co-led the global customer operations of SAP, would succeed Enslin as the president of the cloud business group with imminent effect.
Adaire Fox-Martin will be taking sole responsibility for global customer operations as president.
In a Tweet, Enslin stated: “Though my tenure with #SAP has come to an end, my personal belief and public advocacy for SAP’s innovation and vision to help the world run better never will. Thank you … dear colleagues for 27 spectacular years.”
SAP is scheduled to publish its results for the first quarter as planned on the 24th of April.