Jennifer Li and Dr. Qi Lu
announced for Re-Election as Shareholder Representatives
WALLDORF, Germany, Feb. 22,
2023 /PRNewswire/ -- The Supervisory Board of SAP SE
(NYSE: SAP) has nominated Mr. Punit
Renjen to stand for election as a new member of the
Supervisory Board and proposes Mr. Renjen as the designated
successor to Chairman, Prof. Dr. Hasso
Plattner. With this decision, Prof. Dr. Plattner and the
Supervisory Board initiate the succession process. The next step is
Mr. Renjen's candidacy for the Supervisory Board, which the
shareholders will decide upon at the Annual General Meeting on
May 11, 2023. Upon election to the
SAP Supervisory Board, the handover process by Prof. Dr.
Hasso Plattner to Punit Renjen would begin. Prof. Dr. Plattner's
term expires in May 2024.
With an impeccable track record, Punit
Renjen, is highly qualified to join the Supervisory Board
and would be an excellent candidate to eventually take the chair at
a time when SAP is undergoing the most fundamental strategic
transformation in its 50-year history. Mr. Renjen brings valuable
strategic insights and knowledge of what businesses need in today's
fast-changing environment. He has an intimate understanding of
global customer requirements and SAP's ability to help them
sustainably transform and grow.
Prof. Dr. Hasso Plattner (79),
who co-founded SAP in 1972 – together with Dietmar Hopp, Claus Wellenreuther, Klaus
Tschira, and Hans-Werner Hector –
and has served as Chairman since 2003, said:
"We are excited to propose Punit
Renjen as a new member of the SAP Supervisory Board for a
four-year term at the AGM in May 2023. This initiates a
structured transition at the helm of the Supervisory Board,
ensuring the continuity necessary for our company's ongoing growth.
With extensive experience as a highly successful CEO of one of the
world's largest consulting firms, Punit brings valuable insights
and expertise to the board. His deep understanding of our
customers' needs, and the broader industry make him an ideal
candidate for Chairman of the Supervisory Board from 2024 onwards.
While we are now the number one Enterprise Application company
globally, I will continue to chair SAP with passion and commitment
until the baton is passed to the new leader who will take the
company to new heights. As an investor with an unchanged stake, I
will remain committed to SAP and its mission to help the world run
better and improve people's lives. We are also pleased to put
forward Jennifer Li and Qi Lu for re-election as
Supervisory Board members. Their diverse backgrounds and expertise
will continue to be invaluable, as we work alongside the Executive
Board to navigate the opportunities and challenges ahead and drive
our growth and innovation agenda."
Punit Renjen (61) served as
Deloitte Global CEO from 2015 until his retirement on December 31, 2022. As Global CEO, Mr. Renjen
developed and executed a strategy that resulted in Deloitte
revenues growing from $35 billion to
more than $59 billion in just seven
years. Today, Deloitte is the leading professional services
organization in the world and one of the world's best places to
work. Deloitte employs 415,000 people in 150 countries. Deloitte
also has a thriving partner ecosystem, of which SAP has been part
of for over 30 years.
"I am very pleased to be considered for a role at SAP – an
iconic company with a key role in the global economy. At a time
when the company is successfully transforming into an enterprise
application leader in the cloud and delivering on Hasso Plattner's original vision of helping the
world run better and improving people's lives, I could not be more
excited at the opportunity to help shape the future of a company
that has unmatched relevance for global business. I am looking
forward to working with talented colleagues around the world to
ensure the company continues to help its customers solve their most
pressing problems," said Punit
Renjen.
Mr. Renjen is a member of the Leadership Council of the
World Economic Forum (WEF), and the International Business
Council. In 2022, he was recognized by the Economic Times as the
"Global Indian of the Year" and by the Carnegie Corporation of
America as a "Great Immigrant. Great American". In 2021, he was
awarded the Oregon History Medal. Previously, he served as Chairman
of the United Way Worldwide. Born and raised in India, Mr. Renjen moved to the United States on a Rotary Foundation
Scholarship to attend Willamette
University and graduated with a master's degree in
management with honors. In 2019, Willamette awarded him an honorary
doctorate. After his retirement from Deloitte, he received the
honorary title of Deloitte Global CEO Emeritus. He and his family
live in Oregon, USA.
Candidates for Shareholder Representative
Re-Elections
The SAP Supervisory Board also announces that two candidates
will stand for re-election at the Annual General Meeting of
shareholders (AGM) in May 2023. The
candidates are:
- Jennifer Li (55), Founder and
General Partner of Changcheng Investment Partners, Beijing China. If re-elected, her term would
expire in 2027.
- Dr. Qi Lu (61), Founder and Chief Executive Officer of
MiraclePlus Ltd., Beijing, China.
If re-elected, his term would expire in 2027.
The term of Prof. Dr. Gesche
Joost, a member of the SVB since 2015, will end with this
year's AGM. "Let me take this opportunity to extend a personal note
of thanks to Dr. Joost for her great contributions to SAP's ongoing
success," said Chairman Hasso
Plattner.
Visit the SAP News Center. Follow SAP on Twitter at
@SAPNews.
About SAP
SAP's strategy is to help every business run as an intelligent,
sustainable enterprise. As a market leader in enterprise
application software, we help companies of all sizes and in all
industries run at their best: SAP customers generate 87% of total
global commerce. Our machine learning, Internet of Things (IoT),
and advanced analytics technologies help turn customers' businesses
into intelligent enterprises. SAP helps give people and
organizations deep business insight and fosters collaboration that
helps them stay ahead of their competition. We simplify technology
for companies so they can consume our software the way they want –
without disruption. Our end-to-end suite of applications and
services enables business and public customers across 25 industries
globally to operate profitably, adapt continuously, and make a
difference. With a global network of customers, partners,
employees, and thought leaders, SAP helps the world run better and
improve people's lives. For more information, visit www.sap.com.
This document contains forward-looking statements, which are
predictions, projections, or other statements about future events.
These statements are based on current expectations, forecasts, and
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cause actual results and outcomes to materially differ. Additional
information regarding these risks and uncertainties may be found in
our filings with the Securities and Exchange Commission, including
but not limited to the risk factors section of SAP's 2021 Annual
Report on Form 20-F.
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