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SAP CEO resigns, replaced by 2 co-chief executives

Published: February 7, 2010 8:03 PM
By The Associated Press  MATT MOORE (AP Business Writer)

Quick ReadGermany's SAP says CEO Apotheker has resigned, will be replaced by 2 co-chief executives

(AP) — The chief executive of German software company SAP AG, Leo Apotheker, has resigned after his contract was not renewed and will be succeeded by two co-CEOs, the company said Sunday.

Apotheker, who has been with the company since 1988, became co-CEO in April 2008 and took the helm alone less than a year ago. In a brief statement, SAP, based in Walldorf, said its "supervisory board has...

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