The Morning Download: SAP Loses Another Key Leader

[Annmarie Langhorne]

Good morning. Business software giant SAP AG is losing another key executive, casting doubt on the company’s ability to transform itself into a cloud vendor. Shawn Price, head of the cloud business at German software giant SAP, is leaving the company and he will not be replaced. “It’s not about a new cloud guy,” SAP spokesman James Dever tells CIO Journal. “Our goal is for the entire company, all of SAP and its employees, to be a cloud company.” While the company has not hesitated to say that it is in transition, Nomura analyst Rick Sherlund says the key will be convincing customers that SAP can still create new products “that reflect the user-friendly culture of the cloud.”