SAP board chair designate to resign, Ala-Pietila nominated as successor


FILE PHOTO: The logo of software company SAP is seen in Davos, Switzerland Januar 22, 2020. REUTERS/Arnd Wiegmann/File Photo

(Reuters) - German software company SAP 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)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Is tech industry already on cusp of artificial intelligence slowdown?
What does watching all those videos do to kids' brains?
How the Swedish Dungeons & Dragons inspired 'Helldivers 2'
'The Mind Twisting Quadroids' review: Help needed conquering the galaxy
Albania bans TikTok for a year after killing of teenager
As TikTok runs out of options in the US, this billionaire has a plan to save it
Google offers to loosen search deals in US antitrust case remedy
Is Bluesky the new Twitter for teachers in the US?
'Metaphor: ReFantazio', 'Dragon Age', 'Astro Bot' and an indie wave lead the top video games of 2024
Opinion: You can pay for white noise, but you don’t need to

Others Also Read