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SAP's (NYSE:SAP) cloud unit chief financial officer is leaving to become CFO at Zuora (NYSE:ZUO) - the latest executive exit for Germany's software giant.
Todd McElhatton will take over finances at Zuora on June 22, a week after leaving SAP.
SAP has lost several executives since CEO Bill McDermott departed (he's now CEO at ServiceNow) last October. One successor, co-CEO Jennifer Morgan left in April after disagreeing with co-CEO Christian Klein, and Chief Product Officer Abdul Razach left earlier this month.
But that's a coincidence, McElhatton says: The Zuora job is “just something I couldn’t pass up and the subscription economy is even going to be a bit more relevant as we go through this post Covid-19 environment,” he said.
Company profile
Zuora, Inc. operates as an online subscription billing and management platform. The firm's products include Zuora Billing, Zuora RevPro, Zuora CPQ and Zuora Collect. Its Central Platform is composed of six core engines: Pricing Engine, Subscription Orders Engine, Rating Engine, Global Payments Engine, Subscription Metrics and Subscription Accounting Engine. It also offers traditional ERP software, such as Oracle Corporation and SAP AG. The company was founded in 2007 by K.V. Rao, Cheng Zou and Tien Tzuo and is headquartered in San Mateo, CA.
SAP's (NYSE:SAP) cloud unit chief financial officer is leaving to become CFO at Zuora (NYSE:ZUO) - the latest executive exit for Germany's software giant.
Todd McElhatton will take over finances at Zuora on June 22, a week after leaving SAP.
SAP has lost several executives since CEO Bill McDermott departed (he's now CEO at ServiceNow) last October. One successor, co-CEO Jennifer Morgan left in April after disagreeing with co-CEO Christian Klein, and Chief Product Officer Abdul Razach left earlier this month.
But that's a coincidence, McElhatton says: The Zuora job is “just something I couldn’t pass up and the subscription economy is even going to be a bit more relevant as we go through this post Covid-19 environment,” he said.
Company profile
Zuora, Inc. operates as an online subscription billing and management platform. The firm's products include Zuora Billing, Zuora RevPro, Zuora CPQ and Zuora Collect. Its Central Platform is composed of six core engines: Pricing Engine, Subscription Orders Engine, Rating Engine, Global Payments Engine, Subscription Metrics and Subscription Accounting Engine. It also offers traditional ERP software, such as Oracle Corporation and SAP AG. The company was founded in 2007 by K.V. Rao, Cheng Zou and Tien Tzuo and is headquartered in San Mateo, CA.