BusinessCompany NewsSAP loses finance chief

SAP loses finance chief

Software giant SAP is searching for a new chief financial officer following the resignation of Edward Lyons who has left after just 11 months.

Lyons joined the e-business solutions provider, Germany’s largest software company, in January this year, having previously served as senior vice president and CFO at snack group Nabisco International.

Analysts in the US said his departure could have been as a result of decline in US business activities for the software group. Third quarter results released in November showed US licence revenues down by more than a third from euros 151m to euros 100m. In Europe license revenues grew by 22%.

Lyons himself cited ‘personal reasons’ for his decision to leave SAP.

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