Bill McDermott

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Bill McDermott
SAP ExecutiveBoard McDermott 002.jpg
Bill McDermott, CEO of SAP SE
Born William R. McDermott
(1961-08-18) August 18, 1961 (age 55)
Flushing, Queens, New York, U.S.
Nationality American
Education Kellogg School of Management
Wharton School of Business
Dowling College
Occupation Businessman
Known for SAP
Spouse(s) Julie McDermott
Children 2

William R. "Bill" McDermott (born August 18, 1961) is the CEO of SAP SE.[1] He served as co-CEO of SAP alongside Jim Hagemann Snabe (de) from February 2010 until May 20, 2014.[2][3]

Early years[edit]

McDermott was born one of three children to Kathleen and Bill McDermott[4] and raised in Amityville on Long Island.[5] He became an entrepreneur as a teenager by purchasing a local delicatessen, Country Deli, for $7,000 in promissory notes.[6] This deli paid his way through Dowling College, where he studied Business Management.

He is a grandson of basketball player Bobby McDermott.[6]

Career[edit]

After Dowling College, McDermott earned his MBA from Northwestern University's Kellogg School of Management,[7][8] and then completed the Executive Development Program at the Wharton School of Business. After running his own business through high school and college, he began his professional career at Xerox, where he worked for 17 years and became the company's youngest Division President.[9]

McDermott served as President of Gartner and Executive Vice President of Worldwide Sales and Operations at Siebel Systems. He was recruited to SAP in 2002 as the CEO of SAP America. In 2008, he was appointed to the SAP Executive Board, and in February 2010, he became co-CEO of SAP AG.

On May 21, 2014, McDermott was promoted to CEO of the company, now known as SAP SE.[10] He became the first American to hold that position.[11]

In 2016 McDermott earned a direct remuneration of €11.6 million, becoming the best-paid of the executives leading the companies that form the German stock index DAX.[12]

Affiliations[edit]

McDermott is a member of the Business Roundtable [13] and the European Roundtable of Industrialists (ERT).[14]

Writing[edit]

McDermott wrote a memoir, Winners Dream: A Journey from Corner Store to Corner Office, with Joanne Gordon. The book was published by Simon & Schuster in October 2014.[15] The book won an Axiom Business Book Award.[16]

Personal life[edit]

McDermott and his wife Julie, a breast cancer survivor, have two sons.[17] In July 2015, McDermott suffered from a fall that cost him his left eye, but returned to SAP headquarters in October of that same year.[18]

References[edit]

  1. ^ SAP's McDermott Seeks faster decisions as sole CEO Archived July 2, 2014, at the Wayback Machine., businessweek.com, May 21, 2014; accessed March 31, 2015.
  2. ^ Jim Snabe elected to supervisory board, news-sap.com; accessed March 31, 2015.
  3. ^ Preuschat, Archibald (2010-02-08). "SAP Chairman Sees Co-CEOs for Long Term". Online.wsj.com. Retrieved 2013-05-16. 
  4. ^ [1], legacy.com; accessed December 7, 2015.
  5. ^ SAP’s CEO is telling a winner’s story , Philly.com, 15 December 2014
  6. ^ a b Profile, businessinsider.com; accessed February 28, 2017.
  7. ^ McDermott profile, alumni.kellogg.northwestern.edu; accessed March 31, 2015.
  8. ^ Kellogg School of Management alumni profile, kellogg.northwestern.edu; accessed March 31, 2015.
  9. ^ McDermott profile, sap.com; accessed March 31, 2015.
  10. ^ Profile, Forbes.com; accessed March 31, 2015.
  11. ^ Ovide, Shira (July 21, 2013). "American Bill McDermott to Be Sole SAP CEO". Wall Street Journal. 
  12. ^ "So viel verdienen die Dax-Chefs" [This is how much the Dax bosses earn]. Der Spiegel (in German). 17 March 2017. 
  13. ^ Business Roundtable website; accessed July 2, 2015.
  14. ^ ERT website; accessed July 2, 2015.
  15. ^ "Publishers Weekly Bestseller Lists". Publishers Weekly. Retrieved July 3, 2015. 
  16. ^ Winners Dream profile, IndependentPublisher.com; accessed July 2, 2015.
  17. ^ McDermott profile, articles.philly.com, December 16, 2014; accessed March 31, 2015.
  18. ^ "SAP boss Bill McDermott lost an eye, almost died in freak accident", by Mike Wheatley, SiliconAngle.com

External links[edit]