Management Press Release

SAP Supervisory Board Proposes Punit Renjen as Designated Successor to Chairman Hasso Plattner

The SAP Supervisory Board has nominated Punit Renjen to stand for election as a new member of the Supervisory Board and proposes Renjen as the designated successor to Chairman, Prof. Dr. Hasso Plattner.

Hasso Plattner co-founded SAP in 1972—together with Dietmar Hopp, Claus Wellenreuther, Klaus Tschira, and Hans-Werner Hector. With the decision made, Plattner and the Supervisory Board initiate the succession process. The next step is 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 Plattner to Renjen would begin. Plattner’s term expires in May 2024.

Born and raised in India, 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. Punit Renjen 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. Deloitte employs 415,000 people in 150 countries, and has a thriving partner ecosystem, of which SAP has been part of for over 30 years. After Punit’s 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, Founder and General Partner of Changcheng Investment Partners, Beijing, China; and Dr. Qi Lu, Founder and Chief Executive Officer of MiraclePlus, Beijing, China. If re-elected, both members would have terms that 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.

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