SAP Nominates Former Nokia President Pekka Ala-Pietila as Chairman
SAP, the German business-software company, has announced that former Nokia President Pekka Ala-Pietila has been nominated to succeed long-time Chairman Hasso Plattner.
In a statement released on Sunday, SAP stated that Ala-Pietila will stand for election for a two-year term at the company’s upcoming annual general meeting on May 15. If elected, he will assume the role of chairman. Renjen, on the other hand, will resign his mandate on the supervisory board at the end of the meeting.
“The difference in perspective on the role of SAP Supervisory Board chair, which Punit Renjen was designated to assume, led to a mutual agreement between SAP and Dr. h.c. Punit Renjen to part ways,” the company said.
Renjen was nominated by the group to succeed Plattner last year. Plattner, who co-founded SAP in 1972, has been serving as chairman since 2003. Ala-Pietila, with his tenure as Nokia’s president from 1999 to 2005, has been a member of SAP’s supervisory board from 2002 to 2021.
This change in leadership marks a significant shift for SAP, as it looks towards new leadership to navigate its future. The election of Pekka Ala-Pietila as chairman will be a crucial step for the company’s direction in the coming years.
Analyst comment
Positive news. Pekka Ala-Pietila’s nomination as SAP Chairman brings fresh leadership to the company. This change will likely bring new perspectives and strategies to guide SAP’s future growth and direction.
