ServiceNow hires Bill McDermott from SAP for CEO job

Business software company ServiceNow said Bill McDermott, who recently resigned as CEO of SAP, is joining ServiceNow later this year to become its CEO.
ServiceNow CEO Bill McDermott
John Donahoe, the current CEO, will be leaving ServiceNow to replace Mark Parker as CEO of Nike.

John Donahoe, who is set to start as Nike CEO in Jan 2020, had replaced Frank Slootman as ServiceNow CEO in 2017. John Donahoe, chairman of PayPal, was previously CEO of e-commerce company eBay.

Bill McDermott, 58, spent 17 years at SAP and became co-CEO in 2010. He became sole CEO in 2014.

“I am excited, and I will do something at some point, and that will be discussed at a future date and on a future occasion,” Bill McDermott told reporters on a conference call on October 10, when SAP announced his departure.

ServiceNow today said its revenue in the third-quarter reached $885.8 million.

ServiceNow said it expects $3.240 billion to $3.245 billion in subscription revenue for all of 2019.