Blackstone Hires Former SAP Co-CEO Jennifer Morgan to Lead Technology Transformation across its Portfolio Companies
November 19 2020 - 9:00AM
Business Wire
Blackstone (NYSE:BX) today announced that Jennifer Morgan, the
former Co-Chief Executive Officer of SAP, the world’s largest
provider of enterprise application software, has joined the firm as
its first Global Head of Portfolio Transformation and Talent.
In this newly established leadership role, Ms. Morgan will be
responsible for a team within Blackstone’s portfolio operations
group helping the firm’s more than 200 portfolio companies drive
growth through digital transformation – coupled with identifying
best-in-class leadership and talent to execute on those
initiatives. She will be a key operating partner to those
businesses, with a particular focus on the technology companies in
which Blackstone invests.
Jon Gray, Blackstone President and COO, said: “Blackstone has
been focused on investing globally in high-quality businesses with
significant growth potential. We are thrilled to have an executive
of Jennifer’s caliber supporting our companies as they deploy
transformative new technologies with world-class talent.”
Joe Baratta, Global Head of Blackstone Private Equity, said: “We
are committed to building a premier portfolio operations group that
can help our companies reach their full potential. Driving
transformational growth and attracting the best talent from a
variety of backgrounds to our companies are essential elements for
success. Jennifer is an outstanding technology executive and leader
who will help us deliver on our mission for our companies, their
employees, and our investors.”
Jennifer Morgan added: “I’m excited to join Blackstone's
incredibly talented team and lead its efforts to accelerate
innovation and growth across its portfolio companies. Technology
will continue to reshape and create new business models in every
industry, representing an enormous opportunity for value creation
for Blackstone companies and investors. I look forward to bringing
my global technology experience and making a difference together
with the Blackstone team."
Prior to joining Blackstone, Ms. Morgan served as Co-Chief
Executive Officer at SAP – becoming the first female CEO of a DAX
company. She also held various, additional leadership roles at SAP
over 16 years – including serving on its executive board between
2017 and 2020 – and oversaw many of the company’s largest and most
important strategic growth initiatives. Ms. Morgan holds a BA in
Business Administration from James Madison University and currently
is a board member of Bank of New York Mellon and of the National
Academy Foundation and is on the Board of Advisors at James Madison
University’s College of Business. She has been named one of the
Most Powerful Women in Business by Fortune and Most Powerful Women
in the World and Technology by Forbes.
About Blackstone
Blackstone is one of the world’s leading investment firms. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our $584 billion in
assets under management include investment vehicles focused on
private equity, real estate, public debt and equity, life sciences,
growth equity, opportunistic, non-investment grade credit, real
assets and secondary funds, all on a global basis. Further
information is available at www.blackstone.com. Follow Blackstone
on Twitter @Blackstone.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201119005800/en/
Matt Anderson Matthew.Anderson@blackstone.com +1 518 248
7310
Blackstone (NYSE:BX)
Historical Stock Chart
From Aug 2024 to Sep 2024
Blackstone (NYSE:BX)
Historical Stock Chart
From Sep 2023 to Sep 2024