US IT provider Servicenow will appoint a new CEO by the end of this year. This is about Bill McDermott (58). Earlier this month, he resigned from the board of directors of the German IT giant SAP. The current Servicenow CEO John Donahoe (59 years old) will leave the organization and will join the sports brand Nike as a director in January 2020.
McDermott will join Servicenow at the end of 2019 as chief executive officer (ceo) and board member. Until the beginning of this month, he worked at SAP for nearly 17 years. From 2010 to 2014, he served as co-CEO; since 2014, he served as CEO. However, he decided not to renew the contract and immediately resigned as CEO. The reason is not clear, but he may be in conflict with an influential shareholder.
John Donahoe joined Servicenow in April 2017. The organization claims that this has led to the expansion of customers and steady growth in annual revenue, exceeding 30% every quarter. He will be appointed as a director of Nike in January 2020. In order to ensure a smooth transition, Donahoe will continue to serve as the CEO of Servicenow and a member of the company’s board of directors throughout the transition period.
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