Boardroom Insights Lecture: Bill McDermott
10:40am - 12:10pm
Mendoza Jordan Auditorium
students, faculty, staff, public, alumni
Bill McDermott was appointed co-CEO of SAP alongside Jim Hagemann Snabe in February 2010. In this capacity, and as a member of the SAP Executive Board and Global Managing Board, McDermott focuses on developing and executing SAP's strategy. The co-CEOs strengthen relationships with customers and partners, drive SAP's innovation portfolio across all markets, and ensure operational excellence across the company.
With annual revenue (IFRS) of €16,22 billion, SAP is the enterprise application software market leader helping companies of all sizes and industries run better. SAP's more than 65,500 employees and its vast ecosystem enable more than 248,500 customers of all sizes in more than 188 countries worldwide. SAP AG is headquartered in Walldorf, Germany, and McDermott is based at the company's North American headquarters in Newtown Square, Pennsylvania.
McDermott was first named to the SAP Executive Board in 2008 to manage global field operations, a responsibility he continues to maintain as co-CEO. During this time, McDermott has been instrumental in re-architecting the company's go-to-market strategy, closely aligning the field organizations with the product development teams led by Co-CEO Jim Hagemann Snabe.
Prior to his role on the SAP Executive Board, McDermott led SAP's operations in the Americas (United States, Canada, and Latin America) and Asia Pacific Japan regions. Since he joined SAP in 2002, the company has delivered unparalleled growth in market share, revenue, and customer satisfaction in key markets.
Before joining SAP, McDermott served as executive vice president of Worldwide Sales and Operations at Siebel Systems, and president of Gartner, Inc., where he led the company's core operations. He spent 17 years at Xerox Corporation, where he progressively rose through the ranks to become the company's youngest corporate officer and division president. He also served on the board of directors for two Xerox subsidiaries. In 1997, through his leadership, McDermott's division received the Malcolm Baldrige Award, presented annually by the President of the United States to businesses judged to be outstanding in several areas.
McDermott is a member of several external boards, including the boards of ANSYS, a company that designs and develops engineering simulation solutions used to predict how product designs will behave in manufacturing and real-world environments; and Under Armour, a performance apparel company dedicated to technologically advanced products. He is also a member of the Dean’s Advisory Council for Villanova School of Business.
McDermott has been recognized for his business leadership by a number of organizations. In 2013, he and Jim Snabe were ranked #2 on Glassdoor.com’s listing of the top 50 Highest Rated CEOs, based on their 99% approval rating from employees. He is also included in Irish America magazine's “2012 Business 100” for outstanding business leadership.
He is an active community leader and advocate for corporate social responsibility. For his commitment to an unprecedented children and families information system, he was honored with the 2012 Promise Award by the Children’s Aid Society of New York City. He was also lauded in 2012 as the NPower Gala Honoree. In 2011, the TechAmerica Foundation presented him with the Terman Award for Corporate Leadership in recognition of his commitment to public-private partnerships, education and innovation. He was named "Idealist of the Year" in 2008 by City Year Greater Philadelphia for his civic leadership and "commitment to improving the community and the lives of those who live in Philadelphia." In 2006, he received the Yitzhak Rabin Public Services Award in recognition of his contributions as a civic leader who has demonstrated a commitment to Israel as a source of technological innovation. In 2005, he was elected to the U.S. Chamber of Commerce, the world's largest business federation representing three million companies and organizations, and to the Chamber Foundation Board. He is also an active member of the Business Roundtable and the Business Council, associations of chief executive officers of leading global companies.
McDermott holds an MBA in business management from the J.L. Kellogg Graduate School of Management at Northwestern University and he completed the Executive Development Program at the Wharton School of the University of Pennsylvania. He received his bachelor’s degree in business management from Dowling College.