Walldorf, Germany — The Supervisory Board of SAP AG has appointed Luka Mucic as Chief Financial Officer of SAP AG, effective July 1st, 2014. Luka Mucic is the successor of Werner Brandt, who will, as planned, withdraw from the Executive board by that time.
“Luka Mucic is an internationally experienced financial expert and leader, with the highest reputation and trust throughout the company“, says Werner Brandt, Chief Financial Officer and Director of Employee Relations of SAP. “I am very excited about his future appointment as CFO; Luka not only has an outstanding expertise in all business areas of SAP, but has also gained valuable international experience during his career at SAP. Over the next nine months, we will ensure a seamless transition of responsibility for the Finance department”.
Luka Mucic, a lawyer and economist, graduated from University of Heidelberg, Business School Mannheim and ESSEC Paris and started his career at the legal department of SAP in 1996. After various finance leadership positions, he served from 2008 to 2012 as Chief Financial Officer of the German operations of the company. He currently is member of the Global Managing Board of SAP and responsible for Global Finance. Mucic has grown up in Walldorf and will continue to work at the Headquarters of the company.
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 248,500 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
# # #
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
© 2013 SAP AG. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and other countries. Please see http://www.sap.com/corporate-en/legal/copyright/index.epx#trademark for additional trademark information and notices.
Note to editors:
To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On this platform, you can find high resolution material for your media channels. To view video stories on diverse topics, visit www.sap-tv.com. From this site, you can embed videos into your own Web pages, share video via email links, and subscribe to RSS feeds from SAP TV.
Follow SAP on Twitter at @sapnews.