SAP appoints ex-Deloitte CEO as chairman to succeed co-founder | – #SAP #appoints #exDeloitte #CEO #chairman #succeed #cofounder
BERLIN/FRANKFURT, Feb 22 (Reuters) – Software company SAP ( SAPG.DE ) on Wednesday named former Deloitte CEO Punit Renje as chairman of its supervisory board to replace co-founder Hasso Plattner, whose term of office will expire in May 2024 after two decades. .
SAP’s board nominated Renje, 61, who was CEO of Deloitte from 2015 to the end of 2022, to be elected as a new member of SAP’s supervisory board at its annual general meeting on May 11, adding that it was a handover. -will start the delivery process.
“Having extensive experience as a highly successful CEO of one of the world’s largest consulting firms, Punit brings valuable insight and experience to the board,” said Plattner.
“His deep understanding of the needs of our customers and the wider industry makes him an ideal candidate to chair the Supervisory Board from 2024,” he added.
Plattner, who co-founded SAP with four other former IBM employees in 1972, has served as CEO of SAP since 1997. 20In May 2003, he resigned from active management and headed the supervisory board.
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He is currently 8.23 billion euro (8.73 billion USA USD) has a 6.16% stake in SAP and said it will remain committed to the company as an “investor with an unchanged stake”.
The 79-year-old was re-elected for a two-year term in 2022 despite opposition from his shareholder representatives, pledging to nominate a successor at least six months before his term ends.
Under Renje’s leadership, Deloitte’s sales increased to 35 in just 7 years, SAP said billion increased from $ 59 billion to $ 59 billion and called his record impeccable.
A dividend of 2.05 euros per share for 2022, SAP said in a separate statement offer he said he would. The company paid €2.45 per share for the previous year, including a special dividend of €0.50.
($1 = 0.9432 euros)
Reports by Victoria Valders in Berlin and Hakan Ersen in Frankfurt; Edited by Christoph Steitz and Grant McCool
Our standards: Thomson Reuters Trust Principles.
2023-02-23 07:27:40
Source – reuters
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