Western companies, especially tech multinationals like SAP and Nokia, have begun looking to Asia's emerging markets for their next board leaders
In its nearly four decades of existence, SAP (SAP) has been a bastion of German business. The country's largest technology company employs more than 15,000 at home and is the eighth-largest component of Germany's benchmark DAX-30 stock index.
But SAP is quickly globalizing. In April, the company's highest-ranking American, Bill McDermott, joined SAP's executive board, the equivalent of a U.S. board of directors. On July 1, the company named José Duarte of Portugal head of European sales. In May 2009, Léo Apotheker, a German-born de facto Frenchman who resides in Paris, takes over as chief executive.
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