SAP CFO Mucic on Management Change, Strategy

The transcript discusses the departure of Bill McDermott from SAP and the transition to new co-CEOs, Christian Klein and Jen Morgan. It highlights the leadership structure, the significance of having co-CEOs, and the strategic direction of SAP. The financial strategy, including capital allocation, deleveraging, and investment priorities, is outlined. The focus remains on organic innovation, with potential for future acquisitions. The discussion emphasizes continuity and the strong position of SAP moving forward.

What was Bill McDermott's role at SAP before his departure?

• Chief Operating Officer

• Chief Technology Officer

• Chief Executive Officer

• Chief Financial Officer

Who are the new co-CEOs of SAP?

• Christian Klein and Luka Mucic

• Luka Mucic and Jim Snabe

• Christian Klein and Jen Morgan

• Bill McDermott and Jim Snabe

What is a key benefit of having co-CEOs at SAP?

• Enhanced innovation and customer empathy

• Increased focus on financial management

• Improved marketing strategies

• Reduced operational costs

What is SAP's primary focus for growth in the coming years?

• Increasing marketing spend

• Expanding into new markets

• Organic innovation

• Acquiring new companies

What is SAP's current net debt to EBITDA ratio?

• 1.0

• 2.0

• 1.5

• 0.5

What is one of SAP's financial goals for the future?

• Focus solely on acquisitions

• Maintain a conservative balance sheet

• Increase debt levels

• Reduce dividend payouts

What will SAP consider if there is excess cash available?

• Additional dividends or share buybacks

• Expanding office spaces

• Increasing salaries

• Hiring more employees