
Bill McDermott
CEO of ServiceNow
Education
- Business Management - Dowling College
- MBA - Northwestern University's Kellogg School of Management
- Executive Development Program - Wharton School of Business
Overview
William R. McDermott is currently CEO of ServiceNow, Inc.(NOW) Before ServiceNow, he was the CEO of the technology company SAP SE. During his tenure as co-CEO and CEO, SAP's market value increased from $39 billion to $156 billion. McDermott, along with Joanne Gordon, wrote a memoir, Winners Dream: A Journey from Corner Store to Corner Office, and was awarded a gold medal for business memoir of the year by the Axiom Business Book Awards. McDermott began his role as CEO of ServiceNow in November, 2019.
At the end of October 2019 after McDermott stepped down from SAP, ServiceNow announced his appointment as CEO. He succeeded John Donahoe at the end of 2019 as Donahoe finished his tenure at the company.[19] He cited "the company’s strength in cloud computing and enterprise software, and the challenge of building an already vibrant company further" as reasons for him to join ServiceNow as CEO.
In 2021, McDermott was the 3rd highest paid CEO of all S&P 500 CEOs, receiving over $162 million in equity and $3.5 million in cash and other forms of compensation from ServiceNow.
Early Life
William R. McDermott born on August 18, 1961
Bill McDermott was born in Amityville on Long Island, where he also grew up. He is one of four children to Kathleen and Bill McDermott and a grandson to Naismith Memorial Basketball Hall of Fame player Bobby McDermott. At age 16, he bought the Amityville Country Delicatessen in Long Island for $7,000.
McDermott studied Business Management at Dowling College. His deli business helped him pay for his undergraduate education. After completing his undergraduate studies, McDermott attended Northwestern University's Kellogg School of Management where he earned his MBA, and then completed the Executive Development Program at the Wharton School of Business.
McDermott and his wife Julie have two sons. In July 2015, McDermott slipped and fell down the stairs while carrying a glass of water. The glass shattered into pieces, with one going through his left eye. He underwent "11 or 12 surgeries by the time it was all done", but ultimately the accident cost him his left eye. McDermott returned to SAP headquarters in October of that same year.
Career
- ServiceNow - CEO
Recognition
In 2016, McDermott was named "Manager of the Year" by the German Business Daily Handelsblatt. He has received numerous awards for his civic leadership, which includes:
GENYOUth's Vanguard Award.
City Year's Idealist of the Year.
The We Are Family Foundation's Visionary Award,
Children's Aid Society's Promise Award.
McDermott recently was recognized as a top CEO by Glassdoor in Canada, the United States, the United Kingdom, and Germany.