Supervisory Board Extends SAP CEO Henning Kagermann’s Contract to May 31, 2009

February 15, 2007 by SAP News

WALLDORF, GermanySAP AG (NYSE: SAP) announced that its supervisory board has voted in a meeting today to extend Henning Kagermann’s tenure as chief executive officer of SAP AG through May 31, 2009, the month of the company’s AGM in 2009. Kagermann has agreed to the extension.

“The supervisory board again has expressed its confidence in Henning Kagermann and recognized his extraordinary achievements in leading SAP’s successful strategy of organic growth during his tenure,” said Hasso Plattner, chairman of the SAP Supervisory Board. “Under his guidance, SAP has significantly extended its global market leadership in the business software space while delivering breakthrough innovation in the software industry. We are committed to further pursuing this successful course.”

Henning Kagermann started his career at SAP in 1982 and was appointed member of the executive board in 1991. Kagermann was co-CEO together with Hasso Plattner between 1998 and 2003, thereafter presiding over the company as chief executive officer.

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