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20.02.2019 23:56
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SAP Announces Departure of Bernd Leukert from Executive Board

DRUCKEN

WALLDORF, Germany, Feb. 20, 2019 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced that Bernd Leukert, Executive Board Member, mutually agreed with the Supervisory Board that he will depart the company, effective immediately. At the same time, the Supervisory Board of SAP SE has elected to extend the Executive Board contract of Michael Kleinemeier, which will now run through 2020.

SAP Logo. (PRNewsFoto/SAP AG)

Leukert, who had been named to co-lead the company's Digital Business Services division together with Kleinemeier, is a long-serving leader of the company whose career has contributed to numerous successful initiatives. He is a respected voice in the technology industry on topics including business applications, Industry 4.0 and digitization.

"Bernd Leukert has made many contributions to the success of SAP," said Professor Hasso Plattner, Chairman of the Supervisory Board of SAP SE. "We thank him for his dedication and his long service to the company. Michael Kleinemeier is highly respected by our customers. We are pleased he has extended his commitment to SAP."

"I am very proud to have been a member of the SAP Executive Board and to have launched the most groundbreaking innovation in our industry, SAP S/4HANA," said Leukert. "I sincerely thank Hasso Plattner and the Supervisory Board for their trust and support for many years."

Visit the SAP News Center. Follow SAP on Twitter at @sapnews.

About SAP
As the cloud company powered by SAP HANA®, SAP is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world's transaction revenue touches an SAP® system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers' businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables more than 425,000 business and public customers to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people's lives. 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.

© 2019 SAP SE. 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 SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.

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
SAP News Center press room; press@sap.com

For more information, financial community only:
Stefan Gruber, +49 6227 7-44872, stefan.gruber@sap.com, CET

Please consider our privacy policy. If you received this press release in your e-mail and you wish to unsubscribe to our mailing list please contact press@sap.com and write Unsubscribe in the subject line.

 

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SOURCE SAP SE

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