WALLDORF, Germany, Feb. 11,
2024 /PRNewswire/ -- The Supervisory Board
of SAP SE (NYSE: SAP) has nominated Mr. Pekka
Ala-Pietilä to stand for election as a new member of the
Supervisory Board and proposes Mr. Ala-Pietilä as the
designated successor to Chairman Prof. Dr. Hasso Plattner. Mr. Ala-Pietilä will stand
for election for a two-year term at the next Annual General Meeting
and, if elected, will assume the role of chair.
SAP and Dr. h.c. Punit Renjen
have mutually agreed to part ways because of a difference in
perspective on the role of SAP Supervisory Board chair, which
Punit Renjen was designated to
assume. Punit Renjen has chosen to
resign his mandate on the SAP Supervisory Board with effect from
the end of SAP's Annual General Meeting on May 15, 2024.
Pekka Ala-Pietilä (67) has an illustrious track record in
European innovation and technology and is well-positioned to lead
SAP's ongoing successful transformation. He was President of Nokia
Corporation from 1999–2005 and a member of the SAP Supervisory
Board from 2002–2021. He was the Chairman of the EU Commission's
High-Level Expert Group on Artificial Intelligence from 2018-2020
and chair of Finland's Artificial
Intelligence Programme from 2017-2019. He currently serves on
several European corporate boards, including as Chairman of the
Supervisory Board of the Dutch multinational location intelligence
company HERE Technologies. Mr Ala-Pietilä holds honorary Doctorates
in Technology from Tampere University of
Technology and in Science from the Aalto University School
of Business. He lives in Helsinki.
"After two decades at the helm of SAP SE, the company I've
nurtured from its inception, ensuring a successful handover of the
leadership baton is paramount to me and crucial for SAP's continued
success," said Prof. Dr. Hasso
Plattner, who has served as Chairman since 2003. "In Pekka
Ala-Pietilä, I recognize a leader who not only possesses a profound
understanding of our industry and the intricacies of European SE
governance, but also one who has been a steadfast ally through many
of SAP's pivotal moments. Before looking ahead, let me also express
my deep gratitude to Punit Renjen
for his efforts and contributions. His energy level and dedication
have been exceptional from the beginning. As we welcome Pekka
Ala-Pietilä, I am filled with confidence that SAP's Supervisory
Board is in the most capable hands. His vision and well-measured
approach are exactly what SAP needs to safeguard its future and
ensure its ongoing success."
Pekka Ala-Pietilä said, "I am grateful to the Supervisory Board
of SAP and to Hasso Plattner for the
opportunity to rejoin this dynamic European technology leader at
such a pivotal time. Thanks to the great people at SAP, the company
has set the global standard for enterprise technology for more than
50 years and is now a trailblazer in developing and deploying
relevant, reliable, responsible Business AI that will fundamentally
change the way business runs. I look forward to working together
with colleagues old and new to build on SAP's track record of
delivering revolutionary technology that drives real results."
Visit the SAP News Center. Follow SAP at @SAPNews.
About SAP
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