SAP board chair designate to resign, Ala-Pietila nominated as successor


FILE PHOTO: The logo of software company SAP is seen in Davos, Switzerland Januar 22, 2020. REUTERS/Arnd Wiegmann/File Photo

(Reuters) - German software company SAP has nominated Finnish businessman Pekka Ala-Pietila to stand for election as chair of its supervisory board after current chair designate Punit Renjen decided to resign, SAP said on Sunday. Ala-Pietila, a former president of Nokia Corporation who sat on SAP's supervisory board from 2002 to 2021, will stand for election at the next general meeting, the company said in a statement.

Ala-Pietila is currently chairman of the board of packaging company Huhtamaki, learning company Sanoma Corporation and the HERE Technology supervisory board, according to his LinkedIn page. Renjen, a former CEO of Deloitte, was leaving the board over a "difference in perspective on the role of SAP Supervisory Board chair, which Punit Renjen was designated to assume", SAP's statement said, without elaborating.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Smartphone on your kid’s Christmas list? How to know when they’re ready.
A woman's Waymo rolled up with a stunning surprise: A man hiding in the trunk
A safety report card ranks AI company efforts to protect humanity
Bitcoin hoarding company Strategy remains in Nasdaq 100
Opinion: Everyone complains about 'AI slop,' but no one can define it
Google faces $129 million French asset freeze after Russian ruling, documents show
Netflix’s $72 billion Warner Bros deal faces skepticism over YouTube rivalry claim
Pakistan to allow Binance to explore 'tokenisation' of up to $2 billion of assets
Analysis-Musk's Mars mission adds risk to red-hot SpaceX IPO
Analysis-Oracle-Broadcom one-two punch hits AI trade, but investor optimism persists

Others Also Read