Home » News » Entertainment » Bill McDermott net worth in 2020? Why did he leave SAP?

Bill McDermott net worth in 2020? Why did he leave SAP?

William R. “Bill” McDermott was born on August 18, 1961. He is an established and high ranking American businessman. Bill McDermott is presently serving as the CEO of Service Now.

Here is a brief account of Bill McDermott’s early years and the tenures that he served as a prolific businessman.

Early years of Bill McDermott

Bill McDermott was born in Amityville on Long Island. He has graduated from Dowling College with a Business Management degree. Later he joined Northwestern University’s Kellogg School of Management for his MBA. At the Wharton School of Business, he completed his Executive Development Program.

Career highlights of Bill McDermott

McDermott started his career with the Xerox where he worked for 17 years. He later assumed the position of President of Gartner in 2000. In the subsequent years, he served as Executive Vice President of Worldwide Sales and Operations at Siebel Systems from 2001-2002.

After this, he got the position of CEO of SAP America. He was a member of the SAP Executive Board in 2008, and the co-CEO of SAP AG in 2010.

In 2024, McDermott assumed the position as the first American to become the CEO of SAP SE. He left SAP SE in October 10, 2019. As he stepped down from SAP, he was appointed as the CEO of ServiceNow. During his tenure with the SAP, he had increased their market value from $39 billion to $156 billion.

Net Worth of Bill McDermott

The Net Worth of William R Mc Dermott is estimated to be least $46.2 Million dollars.

Personal Life of Bill McDermott

McDermott is married to Julie and they have two sons.

Awards and Honors received by Bill McDermott

He has been awarded the

1) GENYOUth’s Vanguard Award.

2) City Year’s Idealist of the Year.

The German Business daily had named Bill McDermott as the “Manager of the Year”. Bill is one of the most successful American businessman.

Why did Bill McDermott leave SAP?

Previously the CEO of SAP, Bill McDermott now explains his decision to leave this position. He said that he is not seeking to renew his contract. With this he immediately steeped down after 9 years at the helm of SAP which is a giant German enterprise. He found that it was the right timing to make a transition. After this he joined as the CEO of Service Now. He is presently working with this company.

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.