Business Objects CEO John Schwarz named to SAP Executive Board
Business Objects CEO John Schwarz was named officially as the seventh member of the SAP Executive Board, effective March 1, 2008. As a result of the majority acquisition of Business Objects, SAP has created a new line of business called SAP Business Objects, under Schwarz's leadership. SAP now holds 100 percent of Business Objects , an SAP company.
As a member of the SAP Executive Board, reporting to SAP CEO Henning Kagermann, Schwarz is responsible for all aspects of Business Objects operations, including go-to-market activities and development, as well as the integration of the SAP Business Objects unit into SAP.
Schwarz joined Business Objects in September 2005 as its CEO, and during his tenure oversaw seven strategic acquisitions, including Cartesis and Firstlogic. He drove revenue growth to more than U.S. $1.5 billion. Prior to Business Objects, Schwarz was president and chief operating officer of Symantec Corporation.
