Share story

CARY, N.C. (AP) — One of the world’s largest private software companies is naming a new Number 2 to the majority owner.

SAS Institute said Monday that co-founder and CEO Jim Goodnight is naming Oliver Schabenberger as the company’s chief operating officer. Schabenberger will be responsible for SAS’s strategic direction and business priorities. He takes on the job with the new year, days before Goodnight’s 75th birthday.

SAS says the move doesn’t suggest Goodnight plans to retire from the Cary-based company he and co-founder John Sall started more than 40 years ago. Goodnight has not announced any succession plan describing what will happen to SAS once the billionaire former statistics professor he leaves the scene.

SAS software analyzes and manages data for businesses and government agencies.