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SAP CEO steps down; Facebook's Libra forms council, names executive team

S&P Global Market Intelligence presents a weekly rundown of executive and board changes in the European technology, media and communications industries.

TOP MOVES

* German software giant SAP SE said CEO Bill McDermott will not renew his contract and has stepped down but will remain in an advisory capacity until 2019-end. Executive board members Jennifer Morgan and Christian Klein will take over as co-CEOs. McDermott joined SAP in 2002 and has been the company's CEO for the past decade. Morgan joined SAP in 2004 and most recently was president of its cloud business group, while Klein started at the company two decades ago and had been COO prior to his new appointment.

* Members of the Libra Association, the consortium of Facebook Inc. and other bodies responsible for the social media company's cryptocurrency project, formalized the formation of the Libra Association council, which will be in charge of the Switzerland-based entity's governance. The Libra council appointed the Libra Association's board of directors, which includes Matthew Davie from Kiva Microfunds, Patrick Ellis from PayU Group, Katie Haun from Andreessen Horowitz, David Marcus from Calibra Inc. and Wences Casares from Xapo Holdings Ltd. In addition, Bertrand Perez was appointed as council chairperson and Dante Disparte was elected as deputy chairperson. The board then elected the first set of executive members of the Libra Association. Perez was selected to become COO and interim managing director, Disparte as head of policy and communications and Kurt Hemecker as head of business development.

MEDIA INDUSTRY MOVES

* Radio France named Bruno Laforestrie president of its diversity and equality committee, according to an Oct. 16 statement. Laforestrie will define the committee's priorities and actions in line with the French public radio broadcaster's commitment to diversity.

* Dutch daily BN DeStem named André Trompers its new editor-in-chief, Villamedia reported Oct. 16. Trompers will replace Hille van der Kaa, who recently announced her intention to retire. Trompers already held the role of acting editor-in-chief when Van der Kaa was on maternity leave.

* NorthEdge Capital LLP, through NorthEdge Capital Fund II, invested £46.6 million in Catalis PLC in a deal valuing the London-based video games company at £90 million. Following the transaction, NorthEdge executives Ray Stenton and Phil Frame will join Catalis' board.

* Danish market research company AudienceProject plans to open offices in Berlin, Kress reported Oct. 15. Sedat Polat, formerly of e-commerce company Zalando SE, will head the new office.

* Media services provider Net Insight AB appointed Crister Fritzson its new CEO, beginning in the first half of 2020, replacing Henrik Sund, who is stepping down in the autumn. Fritzson is currently CEO and group CEO of Swedish train operator SJ AB.

* The natural history unit of British Broadcasting Corp. unit BBC Studios promoted Gavin Boyland to the role of head of development, according to an Oct. 14 statement. Boyland has worked both for the BBC and the independent sector.

* 1+1 Media Group's Tet TV appointed Oksana Petryshyn acting general producer, Broadband TV News reported Oct. 14. Petryshyn is replacing Viktoria Levchenko, who became the head of the Ukrainian company's business unit 1+1 Production.

* Nordic Entertainment Group AB named Richard Halliwell managing director of its British content production and distribution operations under NENT Studios UK. Halliwell will take charge of NENT Studios UK's operations with a focus on content development, financing and distribution. He will fulfill the new role alongside his current post as CEO of Nordic Entertainment-owned content producer DRG.

* TF1 Group said Oct. 11 that it appointed new managers for its Vertical Station unit, following the departure of Laure Lefevre and Maxime Barbier. Nicolas Capuron and Olivier Abecassis will become Vertical Station's managing director and president, respectively. Abecassis will represent TF1 Group's digital arm Unify.

* Nordic Entertainment Group's recently appointed Chief Content Officer Filippa Wallestam selected six executives for a team that will be responsible for the company's content, international co-productions and acquisitions, TBI Vision reported. Former Viaplay executive Fredrik Ljungberg was appointed as vice president of international scripted content, Camilla Rydbacken as vice president of Nordic scripted content, Vanda Rapti as vice president and head of acquisitions, content distribution and partnerships, Kenneth Kristensen as vice president of nonscripted content and Christian Albeck as vice president of content programming.

* Sjors Fröhlich is stepping down as editor-in-chief of Dutch broadcaster BNR Nieuwsradio after being appointed mayor of the new municipality of Vijfheerenlanden in Utrecht province, Nu.nl reported Oct. 10.

COMMUNICATIONS INDUSTRY MOVES

* German IT integrator and services provider Cancom SE, through U.K. unit Cancom Ltd., agreed to buy Belfast-based peer Novosco Group Ltd. for about £70 million. Novosco co-founder and sales director John Lennon will become joint managing director of Cancom Ltd., sharing the role with Managing Director Martin Hess.

* Rostelecom PJSC Chairman Sergey Oseyevskiy is looking to assume the role of management council chairman at Tele2 Russia Telecom, upon the completion of the Russian national operator's acquisition of the remaining stake it did not already own in the former Tele2 AB unit, Telecompaper reported Oct. 10, citing TASS.

* Arild Hustad joined Nortel A/S as the newly established mobile telephone company's chairman, e24.no reported Oct. 10. Hustad is a former CEO of Oslo-headquartered Link Mobility Group ASA.

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