SAP veteran: Chairman of the Supervisory Board Hasso Plattner before the Group’s Annual General Meeting in May 2022
Image: dpa
The last remaining co-founder of the software group SAP, Hasso Plattner, wants to give up his position as head of the supervisory board by 2024 at the latest. He has proposed former Deloitte boss Punit Renjen as his successor.
NAfter more than 50 years, the last of the SAP founders will leave the Walldorf-based software group by 2024 at the latest. SAP announced on Wednesday evening that Hasso Plattner will give up his position as head of the supervisory board, which he has held for 20 years.
Plattner suggested the former boss of the auditing and management consulting firm Deloitte, Punit Renjen, as his successor. The 61-year-old, who gave up the management of Deloitte at the turn of the year, is to be elected to the supervisory board for four years on May 11. “An election to the SAP Supervisory Board would start the transition process from Hasso Plattner to Punit Renjen,” SAP said. SAP left it open how long this would take. Plattner’s term of office runs until May 2024.
Plattner had himself re-elected for two years last year against the opposition of shareholder representatives. The 79-year-old founded SAP in 1972 together with four other IT specialists, including Dietmar Hopp. When re-elected, he promised to nominate a successor at least six months before the end of his term.
On Wednesday, Plattner spoke of a “structured transition at the top of the Supervisory Board, which will ensure the necessary continuity for the further growth of our company”. Renjen should take over the chairmanship of the supervisory board “from 2024”. Born in India, he lives in the US state of Oregon.