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Bill McDermott has landed. Two weeks ago, he stepped down as CEO at SAP after a decade leading the company. Today, ServiceNow announced that he will be its new CEO.
It’s unclear how quickly the move came together but the plan for him is clear: to scale revenue like he did in his last job.
Company - Earning - Call - Today - CEO
Commenting during the company’s earning’s call today, outgoing CEO John Donahoe said that McDermott met all of the board’s criteria for its next leader. This includes the ability to expand globally, expand the markets it serves and finally scale the go-to-market organization internally, all in the service of building toward a $10 billion revenue goal. He believes McDermott checks all those boxes.
McDermott has his work cut out for him. The company’s 2018 revenue was $2.6 billion. Still, he fully embraced the $10 billion challenge. “Well let me answer that very simply, I completely stand by [the $10 billion goal], and I’m looking forward to achieving it,” he said with bravado during today’s call.
Company - Revenue - Goal - Years
It’s worth noting that as the company strives to reach that lofty revenue goal in the coming years, it will be doing with...
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