Former SAP America CEO Takes New Finance Job

FRAMINGHAM (07/17/2000) - Kevin McKay, who resigned as CEO of SAP AG's U.S. subsidiary three month ago, surfaced Monday in a finance job at Mercator Software Inc. in Wilton, Conn.

Mercator, one of the numerous vendors jockeying for position in the market for enterprise application integration tools, announced that McKay is joining the company as executive vice president and chief financial officer. McKay, who headed finance at SAP America Inc. in Newtown Square, Pa., before becoming its CEO, will start full-time at Mercator next month.

The announcement of McKay's hiring follows a warning issued on Friday that Mercator's second-quarter earnings will likely be below Wall Street's expectations despite revenues being slightly more than the company had planned.

Mercator is scheduled to release the final financial results for the quarter on Thursday.

More details to come.

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