Indian American Punit Renjen Gets Key Role At Top German Firm SAP

Washington:

Indian American and former Deloitte World CEO Punit Renjen has been appointed a member of the distinguished SAP Supervisory Board and named its deputy chairperson. With this he turned the primary non-German to chair a DAX40 firm, and that too which tops the chart in market cap.

The handover course of from present Chairman Prof Dr h. c. mult. Hasso Plattner to Punit Renjen because the designated successor of the Chairman of the Board has began, SAP mentioned. The election of Mr Renjen, 61, was supported by 99.21 per cent of the shareholders.

“We consider that Punit Renjen is a wonderful candidate who, together with his excellent experience, his a few years of expertise in a worldwide firm, and his beneficial information of many industries, represents a achieve for SAP and our Supervisory Board. And all of us discover him to be a particularly appropriate and succesful candidate to take over my function as chairperson of the Supervisory Board sooner or later,” mentioned Hasso Plattner, the corporate co-founder and its present Chairman.

Plattner is scheduled to depart the SAP Supervisory Board when his present mandate expires after the 2024 AGM. As a primary step on this course of, in a gathering instantly following the most recent AGM, the Supervisory Board elected Punit Renjen as its Deputy Chairperson.

“I’m very grateful for the belief SAP shareholders put in me. I’m wanting ahead to working with gifted colleagues all over the world to make sure SAP strengthens its place as an enterprise utility chief within the cloud,” Mr Renjen mentioned.

Mr Renjen has been the Deloitte World CEO since 2015 and can stay so till his retirement on December 31. As CEO, he developed and executed a technique that resulted in Deloitte revenues rising from $35 billion to greater than $59 billion in simply seven years.

Jennifer Li, 55, and Dr Qi Lu, 61, have been re-elected as members of the supervisory board with 91.65 per cent and 91.60 per cent of the vote, a media launch mentioned.

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