SAP Announces Management Transition at TomorrowNow
SAP Considers Options Including Possible Sale of TomorrowNow
Customers Will Be Supported Through Change
Newtown Square, PA .- SAP (NYSE: SAP) today announced that several senior managers of TomorrowNow, including the company’s CEO, have chosen to resign. In addition, SAP said it is considering several options for the future of the TomorrowNow business, including possible sale.
TomorrowNow CEO Andrew Nelson and several members of his senior management team are leaving the company. Mark White, who was appointed in July 2007 as executive chairman of TomorrowNow, will continue in that role.
“Our primary focus is TomorrowNow’s existing customers, who will be supported through this management transition,” said Mark White, executive chairman, TomorrowNow. “SAP is prepared to manage through these changes to ensure that TomorrowNow’s obligations to its current customers are met.”
White reported that he is putting in place programs to secure the delivery of continued support services and assure retention of key managers and support personnel.
“Over the next days, we will be communicating with TomorrowNow customers about these changes and our plans to support them going forward,” said White.
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