Former SAP CEO to join ServiceNow

Current ServiceNow boss set to join Nike

Bill McDermott has been announced as the new ServiceNow CEO, less than two weeks after it was revealed he will be leaving SAP.

McDermott (pictured) will take the reins from incumbent John Donahoe, who will become CEO at Nike, "by year-end 2019", according to ServiceNow.

McDermott said: "ServiceNow is one of the most exciting innovation and growth companies in the world.

"The company has a transformational platform, immensely talented colleagues and limitless potential.

"I consider it a personal honour to succeed John and help carry ServiceNow's proud legacy forward to the next chapter. I'm fired up and can't wait to get started."

McDermott brought his 20-year tenure at SAP to an end at the start of the month, with two co-CEOs - Jennifer Morgan and Christian Klein - announced as his successors.

He is credited with tripling the vendor's market valuation to around $140bn.

McDermott will join ServiceNow once the transition to new management at SAP is completed.

Jeff Miller, board member at ServiceNow, said: "ServiceNow's board is thrilled to have Bill McDermott join the company.

"His global experience and proven track record will provide for a smooth transition and continued strong leadership.

"Bill will further enhance ServiceNow's momentum and reputation as a digital workflows leader committed to customer success, and as a preferred strategic partner enabling enterprise digital transformation."