Chief financial officer leaves SAP
Chief financial officer John Milana is the latest in a string of SAP America executives to leave the enterprise software company.
The enterprise software company said John Milana is leaving the company to join a Pennsylvania-based business-to-business e-commerce company. SAP did not announce a replacement for Milana.
Milana is the latest in a string of SAP America executives who have left the company to work at "dot com" start-ups or competitors.
Key executives who have left SAP include former SAP America CEO Paul Wahl and former president Jeremy Coote, who both now work for front-office software maker Siebel Systems.
SAP is currently involved in a lawsuit against Siebel, alleging the company unfairly hired 27 key SAP employees in an attempt to "injure SAP's business."
To boost employee retention, SAP announced last December a new stock option plan called the SAP 2000 Long Term Incentive Plan (LTI Plan). The company said the plan will consist of two key programs--stock options and convertible bonds--that are competitive in the U.S. marketplace and comply with the German legislation on corporate regulatory issues.
In other news today, SAP America named former Sony Operating president Martin Homlish as chief marketing officer, a newly created position. In the new job, Homlish will be responsible for all the German-based company's U.S. marketing initiatives.