SAP board chair designate to resign, Ala-Pietila nominated as successor (updated)
11/02/2024 19:36
(Adds detail, background throughout)
Feb 11 (Reuters) - German software company SAP SAPG.DE
has nominated Finnish businessman Pekka Ala-Pietila to stand for
election as chair of its supervisory board after current chair
designate Punit Renjen decided to resign, SAP said on Sunday.
Ala-Pietila, a former president of Nokia Corporation who sat
on SAP's supervisory board from 2002 to 2021, will stand for
election at the next general meeting, the company said in a
statement.
Ala-Pietila is currently chairman of the board of packaging
company Huhtamaki, learning company Sanoma Corporation and the
HERE Technology supervisory board, according to his LinkedIn
page.
Renjen, a former CEO of Deloitte, was leaving the board over
a "difference in perspective on the role of SAP Supervisory
Board chair, which Punit Renjen was designated to assume", SAP's
statement said, without elaborating.
Renjen, whose resignation will take effect at SAP's next
annual general meeting on May 15, was named as the designated
chairman in February last year to succeed the company's
co-founder Hasso Plattner after his two-decade term expires in
May 2024.
(Reporting by Utkarsh Shetti in Bengaluru, Victoria Waldersee
in Berlin, Supantha Mukherjee in Stockholm;
Editing by Andrew Cawthorne)
((UtkarshUmesh.Shetti@thomsonreuters.com;))