Nationality American Name Bill McDermott Occupation Businessman Known for SAP SE | Religion Roman Catholic Spouse Julie McDermott Children 2 | |
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Full Name William R. McDermott Born August 18, 1961 Flushing, Queens, New York, U.S. Parents Bill McDermott, Kathleen McDermott Similar People Jim Hagemann Snabe, Hasso Plattner, Vishal Sikka, Leo Apotheker, Dietmar Hopp Profiles | ||
Bill mcdermott on entrepreneurship
William R. "Bill" McDermott (born August 18, 1961) is the CEO of SAP SE. He served as co-CEO of SAP alongside Jim Hagemann Snabe from February 2010 until May 20, 2014.
Contents
- Bill mcdermott on entrepreneurship
- Distinguished Speaker Series Bill McDermott CEO SAP
- Early years
- Career
- Affiliations
- Writing
- Personal life
- References
Distinguished Speaker Series - Bill McDermott, CEO, SAP
Early years
McDermott was born one of three children to Kathleen and Bill McDermott and raised in Amityville on Long Island. He became an entrepreneur as a teenager by purchasing a local delicatessen, Country Deli, for $7,000 in promissory notes. This deli paid his way through Dowling College, where he studied Business Management.
He is a grandson of basketball player Bobby McDermott.
Career
After Dowling College, McDermott earned his MBA from Northwestern University's Kellogg School of Management, and then completed the Executive Development Program at the Wharton School of Business. After running his own business through high school and college, he began his professional career at Xerox, where he worked for 17 years and became the company's youngest Division President.
McDermott served as President of Gartner and Executive Vice President of Worldwide Sales and Operations at Siebel Systems. He was recruited to SAP in 2002 as the CEO of SAP America. In 2008, he was appointed to the SAP Executive Board, and in February 2010, he became co-CEO of SAP AG.
On May 21, 2014, McDermott was promoted to CEO of the company, now known as SAP SE. He became the first American to hold that position.
In 2016 McDermott earned a direct remuneration of €11.6 million, becoming the best-paid of the executives leading the companies that form the German stock index DAX.
Affiliations
McDermott is a member of the Business Roundtable and the European Roundtable of Industrialists (ERT).
Writing
McDermott wrote a memoir, Winners Dream: A Journey from Corner Store to Corner Office, with Joanne Gordon. The book was published by Simon & Schuster in October 2014. The book won an Axiom Business Book Award.
Personal life
McDermott and his wife Julie, a breast cancer survivor, have two sons. In July 2015, McDermott suffered from a fall that cost him his left eye, but returned to SAP headquarters in October of that same year.