New appointment reflects continued commitment to the UK market and driving revenues in 2009
LONDON, UK — SAP UK and Ireland (UKI) today announced the appointment of a new member to the UKI executive board. Frederic Arrouays takes the position of Chief Financial Officer of SAP UK and Ireland, effective immediately. He is responsible for the management of financial and administration functions. Frederic brings to this role more than 16 years’ of financial experience, and 10 years’ experience within the software industry, at UK and International levels.
Frederic is primarily responsible for driving financial excellence as well as pro-actively supporting commercial operations across the UK business, with an overall objective to optimize profitability and maximize cash flow generation. He will also have overall responsibility for all compliance activities.
“Our global ambition is clear; become #1 in every market in which we choose to compete. To do this we need to continue to hone in on and manage the financial risks brought by the recession, driving efficiencies through timely, informed decisions and easy process management. In doing this we can help our customers to become best-run businesses” said Frederic Arrouays, CFO, SAP UKI
Frederic joined the Company in 2000 and was most recently Chief Financial Officer EMEA for SAP Business Objects, responsible for all aspects of business finance covering various geographies. He successfully provided business support to the management team through organisation of financial planning and analysis, credit management, compliance, and deal structuring amongst others. Prior to his work with SAP and SAP Business Objects, Frederic was Internal Audit Manager at Renault, and held various positions at PriceWaterhouseCoopers, and BNP Paribas.
SAP is the world’s leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 82,000 customers in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol “SAP.” For more information, visit www.sap.com.
(*) SAP defines business software as comprising enterprise resource planning and related applications.
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