SAP’s McDermott joins ServiceNow to push enterprise growth

“In an unexpected move, ServiceNow announced that John Donahoe will step down as CEO of the company to accept the top job at Nike Inc. Bill McDermott, who recently resigned as CEO of SAP, will take over as ServiceNow CEO in January. While the move took many analysts by surprise, some thought it made sense to bring in McDermott, with his experience growing SAP’s business, given ServiceNow’s concerted move toward the enterprise applications market. ‘But ServiceNow has been very clear they don’t want to compete directly against an Oracle, SAP, Workday or Salesforce,’ said Meagan McGrath, an analyst at Technology Business Research in Hampton, N.H.” — TechTarget