(This story was updated Monday, February 8, 2010, at 9:50 a.m.)
SAP AG said Sunday that Leo Apotheker, who became sole chief executive of the business software company last May, has resigned, effective immediately.
SAP did not give a reason for the resignation, other than to say that the company’s Supervisory Board had reached an agreement with Apotheker, a 20-year SAP veteran, not to renew his contract as a member of SAP’s Executive Board.
Named to replace Apotheker in an action that reinstates a dual-CEO structure at SAP were William R. McDermott and Jim Hagemann Snabe. McDermott is a former head of U.S. operations who replaced Apotheker as head of worldwide field operations last April. Snabe was head of product development. Both are new members of the Executive Board, which runs SAP on a day-to-day basis.