U-turn: SAP surprisingly replaces Plattner's successor on the supervisory board
2/11/2024, 8:03:16 PM
Highlights: SAP and its designated supervisory board chairman Punit Renjen are surprisingly going their separate ways. Renjen will resign his mandate on the control committee at the general meeting in May. Former Nokia manager Pekka Ala-Pietilä is to be proposed for election to the supervisoryBoard and is also slated to serve as chairman of the board. The reason is the different ideas about the role of the future chairman ofThe supervisory Board. SAP is the largest software manufacturer in Europe.
U-turn at SAP: Shortly before co-founder Hasso Plattner's departure from the supervisory board, the software company separated from its designated successor, Punit Renjen. The replacement has already been decided.
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Punit Renjen
Photo: KAI PFAFFENBACH / REUTERS
Europe's largest software manufacturer SAP and its designated supervisory board chairman Punit Renjen are surprisingly going their separate ways. The American, who is intended to be the successor to co-founder Hasso Plattner, will resign his mandate on the control committee at the general meeting in May, the DAX heavyweight announced on Sunday evening in Walldorf. The reason is the different ideas about the role of the future chairman of the supervisory board.
SAP presented former Nokia manager Pekka Ala-Pietilä as a replacement for Renjen. The Finn is to be proposed for election to the supervisory board and is also slated to serve as chairman of the board.
kfr/dpa/Reuters