SAP board chair-designate Punit Renjen quits over differences

Feb 12, 2024

Bengaluru: Software giant SAP said on Monday that it has agreed to separate Punit Renjen Differences over role of German chiefs supervisory Board chair, which the latter was nominated to occupy.
“Puneet Renjen has chosen resign “His mandate on the SAP Supervisory Board will be effective from the end of SAP's annual general meeting on May 15, 2024,” SAP said in a statement. Renzen was to succeed SAP co-founder Hasso Plattner. chairman German enterprise software company.
SAP's supervisory board has named Pekka Ala-Pietilä as a new member of the board and proposed his name as Plattner's successor. Ala-Pietilä will stand for election for a two-year term at the next AGM and will assume the role of Chairman if elected. He was Chairman of Nokia from 1999–2005 and a member of the SAP Supervisory Board from 2002–2021.
Plattner, who has served as Chairman since 2003, said, “After two decades at the helm of SAP, it is paramount for me to successfully hand over the leadership reins to a company I have nurtured since its founding and to ensure SAP's continued success.” is important.” ,
Renzen was global CEO of Deloitte from 2015 until his retirement in December last year. As global CEO, Renzen developed and executed a strategy that resulted in Deloitte's revenues growing from $35 billion to more than $59 billion in just seven years. Deloitte has honored him with the honorary title of Global CEO Emeritus. Renjen grew up in Rohtak, Haryana, where his father had established an electrical switchgear factory.

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