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.