Does anyone know the real story about what happened with Hermann Wimmer? Why did he depart? Was there influence from his internal competitors?
5 replies (most recent on top)
Herman presented to the board that the workforce needed to be slashed. The board did not agree so he was out
He fired some friend of MK that deserved it and the rest of the non-delivering old-timers banded together to push MK to get rid of him before HW started to check what was happening inside their turf.
Didn't do much good to any of them 12 months (or even less) down the road.
BTW HW had both Emea and APAC. While two presidents existed the business split was not 50-50, more 80 (database) 20 (marketing applications)
HW was trying to pull a plan to replace MK but did not have as much support from the BoD’s as expected. Hard to work for the guy you just tried to replace. He did win his law suit a couple of years later to the tune of $3-4M if my memory serves me right.
For a few months he was President of the other 50%. They promoted him from EMEA Sales and Services EVP, and he moved from Germany to Atlanta. Then TD sold off the 50% he didn’t lead, and they didn’t need a President of the remaining division anymore.
That’s what I heard.
Why did someone that 50% of the company have no idea about leave three years ago?