The former CEO of Deloitte, Punit Renjen, will replace Hasso Plattner as the new SAP chairman, as per media reports on Thursday. Plattner, a co-founder of the German software company established in 1972, is the only remaining originator in the company and is set to retire from his operational role, thus marking the end of his current tenure. His departure paves the way for a new era at SAP which will be devised at the organisation’s AGM in May this year.
“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,” said Plattner, commenting on the new development.
Renjen said: “I’m 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.”