15.02.2007 15:47:00
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Supervisory Board Extends SAP CEO Henning Kagermann's Contract to May 31, 2009
WALLDORF, Germany, Feb. 15 /PRNewswire-FirstCall/ -- SAP AG announced that its supervisory board has voted in a meeting today to extend Henning Kagermann's tenure as chief executive officer of SAP AG through May 31, 2009, the month of the company's AGM in 2009. Kagermann has agreed to the extension.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a )
"The supervisory board again has expressed its confidence in Henning Kagermann and recognized his extraordinary achievements in leading SAP's successful strategy of organic growth during his tenure," said Hasso Plattner, chairman of the SAP Supervisory Board. "Under his guidance, SAP has significantly extended its global market leadership in the business software space while delivering breakthrough innovation in the software industry. We are committed to further pursuing this successful course."
Henning Kagermann started his career at SAP in 1982 and was appointed member of the executive board in 1991. Kagermann was co-CEO together with Hasso Plattner between 1998 and 2003, thereafter presiding over the company as chief executive officer.
About SAP
SAP is the world's leading provider of business software*. Today, more than 38,000 customers in more than 120 countries run SAP(R) applications -- from distinct solutions addressing the needs of small businesses and midsize companies to suite offerings for global organizations. Powered by the SAP NetWeaver(R) platform to drive innovation and enable business change, SAP software helps enterprises of all sizes around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP solution portfolios support the unique business processes of more than 25 industries, including high tech, retail, financial services, healthcare and the public sector. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE under the symbol "SAP." (Additional information at < http://www.sap.com/ >)
(*) SAP defines business software as comprising enterprise resource planning and related applications such as supply chain management, customer relationship management, product life-cycle management and supplier relationship management.
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.
NOTE: SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.
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) For more information, press only: Herbert Heitmann, SAP AG, +49 (6227) 7-61137, herbert.heitmann@sap.com, CET Christoph Liedtke, SAP AG, +49 (6227) 7-50383, christoph.liedtke@sap.com, CET SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EST; press@sap.com For more information, financial community only: Stefan Gruber, +49 (6227) 7-44872, investor@sap.com, CET Martin Cohen, +1 (212) 653-9619, investor@sap.com, EST
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