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Punit Renjen elected to SAP supervisory board
He was selected with a 99.21% shareholders vote
Indian American executive, Punit Renjen was elected as a new member of the SAP’s supervisory board, at the annual general meeting of Shareholders on May 11, with a 99.21% shareholder vote.
On the appointment, Renjen said, “I am very thankful for the trust SAP shareholders put in me. I am looking forward to working with talented colleagues around the world to ensure SAP strengthens its position as an enterprise application leader in the cloud.”
The 61-year-old most recently served as the global CEO of Deloitte and retired in 2022. Under his leadership the firm’s revenues increased from $35 billion to more than $59 billion in just seven years.
The handing over process from the current chairman, Prof Dr Hasso Plattner to Punit Renjen has started, SAP said in an official statement. Plattner, a co-founder of the business, will step down from the SAP Supervisory Board when his current term ends.
“We believe that Punit Renjen is an excellent candidate who, with his outstanding expertise, his many years of experience in a global company, and his valuable knowledge of many industries, represents a gain for SAP and our Supervisory Board. And we all find him to be an extremely suitable and capable candidate to take over my role as chairperson of the Supervisory Board in the future,” said Plattner.
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