SAP's local CEO and managing director, Alan Hyde, has quit his post after five years. The software vendor has appointed senior vice-president and chief commercial officer for Asia-Pacific and Japan, Tim Ebbeck, as acting chief while it decides on a permanent replacement.
In a statement, the company said Hyde had played a key role in its regional leadership team. SAP did not disclose his next move but said he was pursuing an "alternative course in his career".
Hyde was unavailable for comment. The company said Hyde planned to take a few months off and had no plans to go to a direct competitor. His departure was an amicable agreement to part ways, it added.
Ebbeck has been with SAP since 2003 and is based locally. He initially took up the chief financial officer and chief operating officer's roles in A/NZ before shifting into a more regional position.
"I welcome Tim to his new role and I am confident that he will again provide strong leadership and commercial success, as we work together driving the A/NZ markets forward," SAP's regional president and CEO, Geraldine McBride, said in a statement. "I would also like to sincerely thank Alan and wish him all the very best for the future."