Jennifer Morgan

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Jennifer Morgan
Jen Morgan Color Photo.jpg
Morgan in 2017 at Newtown Square, Pennsylvania
Born
Jennifer Bilodeau

(1971-03-13) March 13, 1971 (age 48)
Residence Delaware County, Pennsylvania, U.S.
NationalityAmerican
Alma mater James Madison University
OccupationCo-CEO, SAP SE
Board member of
Spouse(s)Michael Morgan
Children2
Website SAP

Jennifer Morgan (born March 13, 1971) is an American technology executive. She is the Co-Chief Executive Officer at SAP SE. [1] Morgan became the first American woman ever appointed to the SAP Executive Board in 2017. [2] Morgan is the first female Chief Executive of SAP, and she is the first female CEO of a company on the DAX index. [3]

SAP SE German software producer

SAP SE is a German multinational software corporation that makes enterprise software to manage business operations and customer relations. SAP is headquartered in Walldorf, Baden-Württemberg, Germany with regional offices in 180 countries. The company has over 425,000 customers in over 180 countries and is a component of the Euro Stoxx 50 stock market index.

DAX Blue-chip index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange

The DAX is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. Prices are taken from the Xetra trading venue. According to Deutsche Börse, the operator of Xetra, DAX measures the performance of the Prime Standard’s 30 largest German companies in terms of order book volume and market capitalization. It is the equivalent of the FT 30 and the Dow Jones Industrial Average, and because of its small selection it does not necessarily represent the vitality of the economy as whole.

Contents

Early life and education

Morgan was born and raised in Northern Virginia, [1] just outside of Washington, DC. She studied at James Madison University. [4] Following her graduation, Morgan began to work at Andersen Consulting (now Accenture) where she met her husband, Michael. [1]

Northern Virginia Region in Virginia, United States

Northern Virginia, locally referred to as NOVA or NoVA, comprises several counties and independent cities in the Commonwealth of Virginia in the United States. It is a widespread region radiating westward and southward from Washington, D.C. With an estimated 3,149,413 residents in 2018, it is the most populous region of Virginia and the Washington metropolitan area.

James Madison University Public research university in Virginia, United States

James Madison University is a public research university in Harrisonburg, Virginia. Founded in 1908 as the State Normal and Industrial School for Women at Harrisonburg, the institution was renamed Madison College in 1938 in honor of President James Madison and then James Madison University in 1977. The university is situated in the Shenandoah Valley, with the campus quadrangle located on South Main Street.

Accenture plc, stylised as accent͐ure, is an Irish-domiciled multinational professional services company that provides services in strategy, consulting, digital, technology and operations. A Fortune Global 500 company, it has been incorporated in Dublin, Ireland since September 1st, 2009. In 2018, the company reported net revenues of $39.6 billion, with more than 459,000 employees serving clients in more than 200 cities in 120 countries. In 2015, the company had about 150,000 employees in India, 48,000 in the US, and 50,000 in the Philippines. Accenture's current clients include 92 of the Fortune Global 100 and more than three-quarters of the Fortune Global 500.

Career

Following her employment at Andersen Consulting, Morgan served in a business development role at Siebel Systems from 2000 to 2004. [5] Morgan joined SAP in 2004 as part of the company's public sector business. [6] From there, Morgan rose quickly within SAP leadership. In just five years, Morgan went from President of SAP Regulated Industries to the President of the Americas & Asia Pacific Japan. [6] In 2017, Morgan was appointed to the SAP executive board [7] and in April 2019 she became President of the SAP Cloud Business Group. [8] In October 2019, Morgan and fellow SAP Executive Board member Christian Klein were named Co-Chief Executive Officers of SAP following the departure of CEO Bill McDermott. [9]

Siebel CRM Systems, Inc. was a software company principally engaged in the design, development, marketing, and support of customer relationship management (CRM) applications. The company was founded by Thomas Siebel and Patricia House in 1993. At first known mainly for its sales force automation products, the company expanded into the broader CRM market. By the late 1990s, Siebel Systems was the dominant CRM vendor, peaking at 45% market share in 2002.

Bill McDermott American businessman

William R. "Bill" McDermott is an American businessman and was the CEO of the technology company SAP SE. During his tenure as co-CEO and CEO, SAP's market value increased from $39 billion to $156 billion. McDermott, along with Joanne Gordon, wrote a memoir, Winners Dream: A Journey from Corner Store to Corner Office, and was awarded a gold medal for business memoir of the year by the Axiom Business Book Awards. McDermott is the incoming CEO for the cloud computing company ServiceNow.

Beginning in 2015, while she was President of SAP North America, Morgan led efforts to close the gender pay gap at SAP. After independent audits of Morgan's initiative, SAP raised salaries by over $1 million across the company, which resulted in 99% of all men and women being paid equally. [7] [10]

Gender pay gap Average difference between a mans and a womans aggregate wages or salaries.

The gender pay gap or gender wage gap is the average difference between the remuneration for men and women who are working. Women are generally considered to be paid less than men. There are two distinct numbers regarding the pay gap: unadjusted versus adjusted pay gap. The latter typically takes into account differences in hours worked, occupations chosen, education and job experience. For example, someone who takes time off will likely not earn as much as someone who does not take time off from work. In the United States, for example, the unadjusted average female's annual salary has commonly been cited as being 78% of the average male salary, compared to 80–98% for the adjusted average salary.

In January 2019, Morgan launched her podcast, A Call to Lead. The podcast targets mid-career professionals and discusses leadership and career advancement. Morgan's podcast guests have included academics, business professionals, and government officials (including Former Second Lady Jill Biden, Simon Sinek, and others). [10]

Jill Biden American educator and academic; Second Lady of the United States

Jill Tracy Biden is an American educator. She is the wife of the 47th vice president of the United States, Joe Biden, and served as second lady of the United States from 2009 to 2017.

Simon Sinek British/American author and motivational speaker

Simon Oliver Sinek is a British-American author, motivational speaker and organizational consultant. He is the author of five books, including Start With Why (2009).

Recognition

Morgan was named to Fortune magazine's list of the 50 Most Powerful Women in Business in both 2018 and 2019. Most recently, in 2019, Fortune ranked Morgan 43rd on the list. [11]

<i>Fortune</i> (magazine) American multinational business magazine

Fortune is an American multinational business magazine headquartered in New York City, United States. It is published by Fortune Media Group Holdings, owned by Thai businessman Chatchaval Jiaravanon. The publication was founded by Henry Luce in 1929. The magazine competes with Forbes and Bloomberg Businessweek in the national business magazine category and distinguishes itself with long, in-depth feature articles. The magazine regularly publishes ranked lists, including the Fortune 500, a ranking of companies by revenue that it has published annually since 1955.

In 2018, Morgan was ranked 55th on Forbes list of The World's 100 Most Powerful Women. [12]

In 2017, the New York Hall of Science honored Morgan with the Distinguished Leadership Award. [13]

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References

  1. 1 2 3 DiStefano, Joseph. "SAP taps Philly's Jennifer Morgan, Christian Klein to replace Bill McDermott at CEO". Philadelphia Inquirer. Retrieved October 11, 2019.
  2. Grant, Nico. "SAP Makes Surprise Leadership Change as CEO McDermott Steps Down". Bloomberg. Retrieved October 11, 2019.
  3. Petzinger, Jill. "SAP's Jennifer Morgan becomes first woman to lead a DAX company". Yahoo!. Retrieved October 11, 2019.
  4. "Jennifer Morgan". Bloomberg. Retrieved October 11, 2019.
  5. "Jennifer Morgan". linkedin.com. LinkedIn Corp. Retrieved October 11, 2019.
  6. 1 2 Reyes, Juliana. "SAP's Jennifer Morgan is the only Philly exec on Fortune's 2018 Most Powerful Women list". Philadelphia Inquirer. Retrieved October 11, 2019.
  7. 1 2 Fuhrmans, Vanessa. "SAP goes after the gender pay gap". Wall Street Journal. Retrieved October 11, 2019.
  8. "SAP's head of cloud business latest top departure in restructuring". Reuters. Retrieved October 11, 2019.
  9. Murphy, Mike. "SAP CEO Bill McDermott steps down; shares rise". Market Watch. Retrieved October 11, 2019.
  10. 1 2 Pressman, Aaron. "This New Podcast Aims to Give "Emerging Leaders" In Business Some Savvy Advice". Fortune. Retrieved October 11, 2019.
  11. "#43 Jennifer Morgan". Fortune. Retrieved October 4, 2019.
  12. "#55 Jennifer Morgan". Forbes. Retrieved October 4, 2019.
  13. "2017 DISTINGUISHED LEADERSHIP AWARD JENNIFER MORGAN, SAP". New York Hall of Science. Retrieved October 4, 2019.