Bill McDermott

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Bill McDermott
SAP ExecutiveBoard McDermott 002.jpg
Bill McDermott, CEO of SAP SE
Born William R. McDermott
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 is an American businessman and the CEO of the technology company SAP SE.[1][2][3][4] During his tenure as co-CEO and CEO, SAP's market value has increased from $39 billion to $144.7 billion.[1][5] McDermott, along with Joanne Gordon, wrote a memoir, Winners Dream: A Journey from Corner Store to Corner Office,[6] and was awarded a gold medal for business memoir of the year by the Axiom Business Book Awards.[7]

Bill McDermott and Maria Bartiromo (FOX Business)

Early years[edit]

Born and raised in Amityville on Long Island.[6] he was one of four children to Kathleen and Bill McDermott[8] and a grandson to a basketball player Bobby McDermott.[9] At age 16, he bought the Amityville Country Delicatessen in Long Island for $7,000.[9]

Education[edit]

McDermott studied Business Management at Dowling College. His Deli business helped him pay for his undergraduate education.[9] After completing his undergraduate studies, McDermott attended Northwestern University's Kellogg School of Management where he earned his MBA,[10][11] and then completed the Executive Development Program at the Wharton School of Business.

Career[edit]

Xerox, Gartner and Siebel Systems[edit]

McDermott worked for 17 years at Xerox. [3] McDermott became the President of Gartner, from 2000 to 2002.[2][3] Later on, he served as Executive Vice President of Worldwide Sales and Operations at Siebel Systems.[2]

SAP[edit]

In 2002, McDermott was appointed by SAP as the CEO of SAP America. He was designated to the SAP Executive Board in 2008, and in February 2010, he became the co-CEO of SAP AG.[2][3] After 4 years, on May 21, 2014, McDermott became the first American to become the CEO of the company, now known as SAP SE. Since 2010, SAP's market cap has increased from $39 billion to $144.7 billion by February 2018.[1][12] In 2016 McDermott became the best-paid executive leading the companies that form the German stock index DAX by earning a direct remuneration of €11.6 million.[13]

Awards and honors[edit]

In 2016, McDermott was named "Manager of the Year" by the German Business Daily Handelsblatt.[14] He has received numerous awards for his civic leadership, which includes:

  1. GENYOUth's Vanguard Award.[15]
  2. City Year's Idealist of the Year.[16]
  3. The We Are Family Foundation's Visionary Award,[17]
  4. Children's Aid Society's Promise Award.[18]

McDermott recently was recognized as a top CEO by Glassdoor in Canada, the United States, the United Kingdom, and Germany.[19]

Affiliations[edit]

McDermott is a member of the Business Roundtable[20] and the European Roundtable of Industrialists (ERT).[21]

Personal life[edit]

McDermott and his wife Julie, have two sons.[22] 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.[23]

References[edit]

  1. ^ a b c Swartz, Jon (2018-06-08). "SAP CEO McDermott's Intent on Beating Salesforce in CRM". Barrons.com. Retrieved 2018-06-08.
  2. ^ a b c d "SAP CEO McDermott on Being the American Head of a German Multinational". HBR.org. 2016-11-08. Retrieved 2016-11-08.
  3. ^ a b c d "SAP CEO Bill McDermott: The Underdog with a Vision". CNBC.com. 2017-07-18. Retrieved 2017-07-18.
  4. ^ SAP's McDermott Seeks faster decisions as sole CEO Archived July 2, 2014, at the Wayback Machine. Aaron Ricadela, Bloomberg Businessweek May 21, 2014; accessed March 31, 2015.
  5. ^ Kharpal, Arjun (2018-02-12). "SAP Will Consider Small Acquisitions, Not Mega-Deals". CNBC.com. Retrieved 2018-02-12.
  6. ^ a b Jane M. Von Bergen (December 15, 2014). "SAP CEO is telling a winner's story". The Philadelphia Inquirer. Retrieved January 26, 2018.
  7. ^ Winners Dream profile, IndependentPublisher.com; accessed July 2, 2015.
  8. ^ Published in Fort Wayne Newspapers (October 10, 2010). "Kathleen A. McDermott Obituary". Legacy.com. Retrieved January 26, 2018.
  9. ^ a b c Julie Bort (November 10, 2014). "This Man Beat Poverty, Cancer, And Fleas To Lead A $21 Billion Company". Business Insider. Retrieved January 26, 2018.
  10. ^ McDermott profile, alumni.kellogg.northwestern.edu; accessed March 31, 2015.
  11. ^ Kellogg School of Management alumni profile, kellogg.northwestern.edu; accessed March 31, 2015.
  12. ^ Kharpal, Arjun (2018-02-12). "SAP Will Consider Small Acquisitions, Not Mega-Deals". CNBC.com. Retrieved 2018-02-12.
  13. ^ "So viel verdienen die Dax-Chefs" [This is how much the Dax bosses earn]. Der Spiegel (in German). 17 March 2017.
  14. ^ Afhüppe, Sven (2016-12-17). "SAP CEO McDermott is National Manager of the Year: A Fighter with Heart". Handlesblatt.com. Retrieved 2016-12-17.
  15. ^ "GENYOUth Gala Recap". GENYOUthnow.org.
  16. ^ "City Year Names Idealist of the Year". BusinesWire.com. 2012-05-10. Retrieved 2012-05-10.
  17. ^ "We Are Family Foundation 2015 Celebration Gala Honors McDermott". LawlorMedia.com. 2015-04-28. Retrieved 2015-04-28.
  18. ^ "McDermott Receives Children's Aid Society Promise Award". IrishAmerica.com.
  19. ^ "Glassdoor Names Top 100 CEOs in U.S., UK, Germany, more". Glassdoor.com.
  20. ^ Business Roundtable website; accessed July 2, 2015.
  21. ^ ERT website; accessed July 2, 2015.
  22. ^ McDermott profile, articles.philly.com, December 16, 2014; accessed March 31, 2015.
  23. ^ Mike Wheatley (September 18, 2015). "SAP boss Bill McDermott lost an eye, almost died in freak accident". SiliconANGLE. Retrieved January 26, 2018.

External links[edit]