SAP Realigns Executive Board Responsibilities
March 28 2007 - 3:48PM
PR Newswire (US)
Executive Board Member Shai Agassi to Leave the Company Leo
Apotheker Named Deputy CEO; New Executive Council Formed WALLDORF,
Germany, March 28 /PRNewswire-FirstCall/ SAP AG (NYSE:SAP) today
announced that it will extend the responsibilities of its executive
management team to reinforce the company's growth strategy. These
changes come with the announcement of the departure of Executive
Board member Shai Agassi, who by mutual agreement with the company,
will leave to more quickly commit himself to his personal agenda of
environmental policy and alternative energy sources and other
issues. In making this announcement, SAP confirms its commitment to
the company's current product and platform strategy, and its
dedication to the success of SAP customers and partners. (Logo:
http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a ) "While
we regret Shai's decision to leave, we congratulate him on his
record of achievement at SAP," said Hasso Plattner, chairman of the
SAP Supervisory Board and company founder. "Shai drove the
company's successful platform strategy, led innovation that helped
SAP grow and continue market leadership, as well as set the stage
for the future of business software. I had shared with Shai my plan
that he should become successor to Henning Kagermann as a co-CEO
for SAP. With the extension of Henning's contract to 2009, it
became apparent that Shai was not comfortable committing to a 10-
to 15-year period, which was not in keeping with his personal
career timeline. Given this, I made the recommendation to the
Supervisory Board that we change our plans and now adjust SAP's
executive management team responsibilities." "We have a strong
development and product leadership team in place, we've made
remarkable progress along the roadmap to enterprise SOA and have a
clear vision about new opportunities for volume business in the
midmarket," said Henning Kagermann, CEO of SAP AG. "It has been my
distinct honor to take part in the story of SAP these past six
years," said Shai Agassi, president of the Product & Technology
Group and member of the SAP Executive Board. "I am very proud of
our accomplishments and the successful products we have brought to
market. The product team will continue down the path under
Henning's leadership and I am confident that SAP will continue to
lead the enterprise software market for many years to come. I will
remember my time at SAP as one of the most satisfying periods of my
career, and it has been my great pleasure to work with such
outstanding and passionate people at SAP. I look forward to new
opportunities, and working on issues that are important to me,
including alternative energy and environmental policy issues, as
well as the future of Israel." The SAP Supervisory Board has
accepted Shai's resignation effective April 1, 2007. Shai will be
retained as a special consultant to the Office of the Chairman of
the Supervisory Board on technology, innovation and competitive
trends and maintain an office on the company's Palo Alto campus.
Apotheker Appointed Deputy CEO; Executive Council Formed The
company announced that Leo Apotheker, president of Customer
Solutions & Operations, and member of the Executive Board, will
assume the new role of Deputy CEO of SAP AG effective immediately.
SAP also announced the formation of an Executive Council, comprised
of the company's corporate officers. Reporting to the Executive
Board, the Council will have shared responsibilities for both
customer-facing and product strategies, enabling SAP to align with
customer needs more quickly, and in support of the company's 2010
growth plan. Underlining the company's commitment to the current
product and platform strategy, those executives leading development
organizations will now report into Henning Kagermann. The following
executives will report to Henning Kagermann: -- Doug Merritt has
been named a Corporate Officer and will lead the development of
software for the business user. -- Klaus Kreplin, Corporate
Officer, will continue to lead SAP NetWeaver technology. -- Jim
Hagemann Snabe, Corporate Officer, will lead development of the SAP
Business Suite and industry solutions. -- Michael Kleinemeier,
Corporate Officer, will drive collaboration and lead industry
business unit priorities. -- Bob Stutz will continue to lead the
CRM team. The following executives will report to Leo Apotheker: --
Global Marketing and Solution Marketing will be combined into a
single marketing organization led by Marty Homlish, Corporate
Officer. Peter Graf will report to Marty Homlish as his Deputy. --
Hans-Peter Klaey, Corporate Officer, will continue to lead the SME
organization, which now encompasses SAP Business One. -- EMEA NEWS
/ EMEA Central will be combined into one EMEA region led by Ernie
Gunst, Corporate Officer, who is responsible for SAP's field
operations in that region. -- Bill McDermott, Corporate Officer,
will oversee the Americas and the Asia Pacific and Japan regions.
Geraldine McBride will continue to lead the APJ region and report
to Bill in his expanded role. -- All partner activities --
including independent software vendors, channel, technology
partners, service partners and systems integrators - will be led by
Zia Yusuf. SAP stated that the changes were effective April 1,
2007. The Company will host a call for media and analysts today at
9:00 pm CET /3:00 pm EDT. The call will be webcast live on the
Company's website (http://www.sap.com/). Dial-in numbers are as
follows: Dial in: +1-480-629-9562 or +44-20-8515-2301 Replay:
+1-303-590-3030 or +44-20-7154-2833 (Replay Access Code: 3718722)
In addition, the Company will host a call for European media on
Thursday, March 29th, at 9:00 am CET. Dial-in numbers are as
follows: Dial in: +44-20-8515-2305 Replay: +44-20-7154-2833 (Replay
Access Code: 3719047) About SAP SAP is the world's leading provider
of business software*. Today, more than 38,000 customers in more
than 120 countries run SAP(R) applications-from distinct solutions
addressing the needs of small businesses and midsize companies to
suite offerings for global organizations. Powered by the SAP
NetWeaver(R) platform to drive innovation and enable business
change, SAP software helps enterprises of all sizes around the
world improve customer relationships, enhance partner collaboration
and create efficiencies across their supply chains and business
operations. SAP solution portfolios support the unique business
processes of more than 25 industries, including high tech, retail,
financial services, healthcare and the public sector. With
subsidiaries in more than 50 countries, the company is listed on
several exchanges, including the Frankfurt stock exchange and NYSE
under the symbol "SAP." (Additional information at ) (*) SAP
defines business software as comprising enterprise resource
planning and related applications such as supply chain management,
customer relationship management, product life-cycle management and
supplier relationship management. Any statements contained in this
document that are not historical facts are forward-looking
statements as defined in the U.S. Private Securities Litigation
Reform Act of 1995. Words such as "anticipate," "believe,"
"estimate," "expect," "forecast," "intend," "may," "plan,"
"project," "predict," "should" and "will" and similar expressions
as they relate to SAP are intended to identify such forward-looking
statements. SAP undertakes no obligation to publicly update or
revise any forward-looking statements. All forward-looking
statements are subject to various risks and uncertainties that
could cause actual results to differ materially from expectations
The factors that could affect SAP's future financial results are
discussed more fully in SAP's filings with the U.S. Securities and
Exchange Commission ("SEC"), including SAP's most recent Annual
Report on Form 20-F filed with the SEC. Readers are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of their dates. Copyright (C) 2007 SAP AG. All rights
reserved. SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver
and other SAP products and services mentioned herein as well as
their respective logos are trademarks or registered trademarks of
SAP AG in Germany and in several other countries all over the
world. All other product and service names mentioned are the
trademarks of their respective companies. Data contained in this
document serve informational purposes only. National product
specifications may vary. For more information, press only: Herbert
Heitmann, +49 (6227) 7-61137, , CET Christoph Liedtke, +49 (6227)
7-50383, , CET Frank Hartmann, +49 (6227) 7-42548, , CET Steve
Bauer +1 610 661-3951, , EDT For more information, financial
community only: Stefan Gruber, +49 (6227) 7-44872, , CET Martin
Cohen, +1 (212) 653-9619, , EDT
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http://photoarchive.ap.org/ DATASOURCE: SAP AG CONTACT: press only,
Herbert Heitmann, +49 (6227) 7-61137, , CET, or Christoph Liedtke,
+49 (6227) 7-50383, , CET, or Frank Hartmann, +49 (6227) 7-42548, ,
CET, or Steve Bauer +1 610 661-3951, , EDT, or financial community
only, Stefan Gruber, +49 (6227) 7-44872, , CET, or Martin Cohen, +1
(212) 653-9619, , EDT Web site: http://www.sap.com/
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