SAP Announces Additional Candidate for By-Election to SAP Supervisory Board
WALLDORF, Germany, March 21, 2018 /PRNewswire/ -- The SAP Supervisory Board (SAP) recommends Diane Greene, Chief Executive Officer of Google Cloud, Google LLC, USA, and member of the board of directors, Alphabet, Inc., as candidate for by-election to the SAP Supervisory Board. Shareholders of SAP will vote on the by-election of Ms. Greene at the Annual General Meeting of Shareholders on May 17, 2018, in Mannheim, Germany. Ms. Greene is proposed as successor to Prof. Klaus Wucherer, who has decided to resign from the Board effective as of the close of this year's Annual General Meeting.
"I would like to thank Prof. Wucherer for his many years of service to SAP," said Prof. Hasso Plattner, Chairmain of the SAP Supervisory Board. "With Diane Greene, we hope to gain a further independent expert on our Board. Her software industry expertise and insight will be a great asset."
This candidate has been nominated in addition to the following previously announced candidates for by-elections to the SAP Supervisory Board:
Aicha Evans, Senior Vice President and Chief Strategy Officer of Intel Corporation, USA, who was appointed SAP Supervisory Board member by Mannheim District Court in June 2017
Dr. Friederike Rotsch, Group General Counsel and Head of Group Legal & Compliance of Merck KGaA, who is proposed to replace Prof. Wilhelm Haarmann
Gerhard Oswald, former Executive Board member, SAP, who is proposed to replace Prof. Anja Feldmann from January 1, 2019, after the expiration of the statutory two-year cooling-off period for prior Executive Board members
With these candidates, the SAP Supervisory Board recommends personalities with deep competencies aligned with the Profile of Skills and Expertise prepared by the Supervisory Board and reduces the average tenure on the Board. Furthermore, with the nomination of Mr. Gerhard Oswald, a well-respected expert with deep knowledge of SAP, the Supervisory Board aims to ensure that this knowledge remains available to the Board.
Details on the candidates for the by-elections to the SAP Supervisory Board will be published in early April 2018 together with the invitation to this year's Annual General Meeting.
About SAP
As market leader in enterprise application software, SAP (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 378,000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
For more information, financial community only:
Stefan Gruber
+49 (6227) 7-44872
investor@sap.com, CET
Follow SAP Investor Relations on Twitter at @sapinvestor.
For more information, press only:
Rajiv Sekhri
+49 (6227) 7-74871
rajiv.sekhri@sap.com, CET
Marcus Winkler
+49 (6227) 7-67497
marcus.winkler@sap.com, CET
Daniel Reinhardt
+49 (6227) 7-40201
daniel.reinhardt@sap.com, CET
For customers interested in learning more about SAP products:
Global Customer Center:
+49 180 534-34-24
United States Only:
+1 (800) 872-1SAP (+1-800-872-1727)
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.
© 2018 SAP SE. All rights reserved.
No part of this publication may be reproduced or transmitted in any form or for any purpose without the express permission of SAP SE. The information contained herein may be changed without prior notice.
Some software products marketed by SAP SE and its distributors contain proprietary software components of other software vendors. National product specifications may vary.
WALLDORF, Germany, March 21, 2018 /PRNewswire/ -- The SAP Supervisory Board (SAP) recommends Diane Greene, Chief Executive Officer of Google Cloud, Google LLC, USA, and member of the board of directors, Alphabet, Inc., as candidate for by-election to the SAP Supervisory Board. Shareholders of SAP will vote on the by-election of Ms. Greene at the Annual General Meeting of Shareholders on May 17, 2018, in Mannheim, Germany. Ms. Greene is proposed as successor to Prof. Klaus Wucherer, who has decided to resign from the Board effective as of the close of this year's Annual General Meeting.
"I would like to thank Prof. Wucherer for his many years of service to SAP," said Prof. Hasso Plattner, Chairmain of the SAP Supervisory Board. "With Diane Greene, we hope to gain a further independent expert on our Board. Her software industry expertise and insight will be a great asset."
This candidate has been nominated in addition to the following previously announced candidates for by-elections to the SAP Supervisory Board:
Aicha Evans, Senior Vice President and Chief Strategy Officer of Intel Corporation, USA, who was appointed SAP Supervisory Board member by Mannheim District Court in June 2017
Dr. Friederike Rotsch, Group General Counsel and Head of Group Legal & Compliance of Merck KGaA, who is proposed to replace Prof. Wilhelm Haarmann
Gerhard Oswald, former Executive Board member, SAP, who is proposed to replace Prof. Anja Feldmann from January 1, 2019, after the expiration of the statutory two-year cooling-off period for prior Executive Board members
With these candidates, the SAP Supervisory Board recommends personalities with deep competencies aligned with the Profile of Skills and Expertise prepared by the Supervisory Board and reduces the average tenure on the Board. Furthermore, with the nomination of Mr. Gerhard Oswald, a well-respected expert with deep knowledge of SAP, the Supervisory Board aims to ensure that this knowledge remains available to the Board.
Details on the candidates for the by-elections to the SAP Supervisory Board will be published in early April 2018 together with the invitation to this year's Annual General Meeting.
About SAP
As market leader in enterprise application software, SAP (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 378,000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
For more information, financial community only:
Stefan Gruber
+49 (6227) 7-44872
investor@sap.com, CET
Follow SAP Investor Relations on Twitter at @sapinvestor.
For more information, press only:
Rajiv Sekhri
+49 (6227) 7-74871
rajiv.sekhri@sap.com, CET
Marcus Winkler
+49 (6227) 7-67497
marcus.winkler@sap.com, CET
Daniel Reinhardt
+49 (6227) 7-40201
daniel.reinhardt@sap.com, CET
For customers interested in learning more about SAP products:
Global Customer Center:
+49 180 534-34-24
United States Only:
+1 (800) 872-1SAP (+1-800-872-1727)
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. © 2018 SAP SE. All rights reserved.
No part of this publication may be reproduced or transmitted in any form or for any purpose without the express permission of SAP SE. The information contained herein may be changed without prior notice.
Some software products marketed by SAP SE and its distributors contain proprietary software components of other software vendors. National product specifications may vary.
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