Former Deloitte global CEO Punit Renjen will succeed co-founder of SAP, Hasso Plattner, who has been leading the company for over 20 years.
The Supervisory Board of SAP SE has nominated Punit Renjen to stand for election as a new member of the Supervisory Board and proposes him as the designated successor to Chairman, Hasso Plattner.
Upon election to the SAP Supervisory Board, the handover process by Plattner to Punit Renjen would begin. Plattner’s term expires in May 2024.
With an impeccable track record, Punit Renjen, is highly qualified to join the Supervisory Board and would be an excellent candidate to eventually take the chair at a time when SAP is undergoing the most fundamental strategic transformation in its 50-year history. Renjen brings valuable strategic insights and knowledge of what businesses need in today’s fast-changing environment. He has an intimate understanding of global customer requirements and SAP’s ability to help them sustainably transform and grow.
Hasso Plattner (79), who co-founded SAP in 1972 – together with Dietmar Hopp, Claus Wellenreuther, Klaus Tschira, and Hans-Werner Hector – and has served as Chairman since 2003, said:
“We are excited to propose Punit Renjen as a new member of the SAP Supervisory Board for a four-year term at the AGM in May 2023. This initiates a structured transition at the helm of the Supervisory Board, ensuring the continuity necessary for our company’s ongoing growth. With extensive experience as a highly successful CEO of one of the world’s largest consulting firms, Punit brings valuable insights and expertise to the board. His deep understanding of our customers’ needs, and the broader industry make him an ideal candidate for Chairman of the Supervisory Board from 2024 onwards”
Punit Renjen (61) served as Deloitte Global CEO from 2015 until his retirement on December 31, 2022. As Global CEO, Renjen developed and executed a strategy that resulted in Deloitte revenues growing from $35 billion to more than $59 billion in just seven years.
“I am very pleased to be considered for a role at SAP – an iconic company with a key role in the global economy. At a time when the company is successfully transforming into an enterprise application leader in the cloud and delivering on Hasso Plattner’s original vision of helping the world run better and improving people’s lives,” said Punit Renjen.
Renjen is a member of the Leadership Council of the World Economic Forum (WEF), and the International Business Council.
