SAP announces key regional CFO promotions

SAP has recently announced two significant CFO appointments in the APAC region. Firstly Gina McNamara who held the role in Australia has been promoted to Regional CFO, SAP Asia Pacific.

In ANZ, SAP has more than 1800 staff and last year reported local revenues of $1.15 billion, including cloud revenues of $286 million. That last figure is significant as it helped the company to return its first profit in Australia since 2014.

Internationally it says its cloud business is growing strong. In its latest financial results for Q2 2021 (ending June 30) it reported its cloud revenues were up 11 per cent to 2.2 billion euros.

Her replacement in Australia and New Zealand is Xuehui (XH) Chiu, the latter became effective on 1 October 2021. McNamara’s appointment took effect in August.

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