Punit Renjen appointed as SAP Board dy chief
Indian American and former Deloitte Global CEO Punit Renjen has been appointed a member of the prestigious SAP Supervisory Board and named its deputy chairperson.
image for illustrative purpose
Washington: Indian American and former Deloitte Global CEO Punit Renjen has been appointed a member of the prestigious SAP Supervisory Board and named its deputy chairperson. With this he became the first non-German to chair a DAX40 company, and that too which tops the chart in market cap. The handover process from current Chairman Prof Dr HC Mult Hasso Plattner to Punit Renjen as the designated successor of the Chairman of the Board has started, SAP said.
The election of Renjen, 61, was supported by 99.21 per cent of the shareholders. "We believe that Punit Renjen is an excellent candidate who, with his outstanding expertise, his many years of experience in a global company, and his valuable knowledge of many industries, represents a gain for SAP and our Supervisory Board. And we all find him to be an extremely suitable and capable candidate to take over my role as chairperson of the Supervisory Board in the future," said Hasso Plattner, the company co-founder and its current Chairman.
Plattner is scheduled to leave the SAP Supervisory Board when his current mandate expires after the 2024 AGM. As a first step in this process, in a meeting immediately following the latest AGM, the Supervisory Board elected Punit Renjen as its Deputy Chairperson.
