For Immediate Release
July 7, 2011
SAP Supervisory Board Extends Executive Board Contracts
Tenures of SAP Co-CEOs Bill McDermott and Jim Hagemann Snabe Extended to June 30,
2017;Executive Board Member Gerhard Oswald to June 30, 2014
WALLDORF, Germany July 7, 2011 SAP AG (NYSE: SAP) announced that its
supervisory board has voted to extend the tenures of Bill McDermott and Jim Hagemann Snabe as
Co-CEOs of SAP AG through June 30, 2017 and to extend the tenure of executive board member Gerhard
Oswald through June 30, 2014. Bill McDermott, Jim Hagemann-Snabe and Gerhard Oswald have agreed to
the respective extension of their contracts.
The supervisory board again has expressed its full confidence in Bill McDermott and Jim Hagemann
Snabe and recognized their extraordinary achievements in leading SAPs successful growth
performance during their tenure. We are also very pleased that Gerd Oswald will continue to serve
SAP with his long experience and outstanding expertise, said Hasso Plattner, chairman of the SAP
Supervisory Board. Under Bills and Jims guidance, SAP has returned to growth and further
extended its leadership in business software while delivering breakthrough innovations in the
software industry to market. We remain committed to further pursuing this successful course.
Bill McDermott started his career at SAP in 2002 and was appointed member of the executive board in
2008. Jim Hagemann Snabe started his career at SAP in 1990 and was appointed member of the
executive board in 2008. Gerhard Oswald started his career at SAP in 1981 and was appointed member
of the executive board in 1996. Further information:
http://www.sap.com/corporate-en/our-company/executive-board.epx
About SAP
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes
and industries run better. From back office to boardroom, warehouse to storefront, desktop to
mobile device SAP empowers people and organizations to work together more efficiently and use
business insight more effectively to stay ahead of the competition. SAP applications and services
enable more than 170,000 customers (includes customers from the acquisition of Sybase) to operate
profitably, adapt continuously, and grow sustainably. For more information, visit
www.sap.com.
# # #
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 SAPs future financial results are discussed more fully in SAPs filings with the
U.S. Securities and Exchange Commission (SEC), including SAPs 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.
Copyright © 2011 SAP AG. All rights reserved.
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.
|
|
|
|
|
|
SAP Supervisory Board Extends Executive Board Contracts
|
|
Page 2 |
Note to editors:
To preview and download broadcast-standard stock footage and press photos digitally, please visit
www.sap.com/photos. On this platform, you can find high resolution material for
your media channels. To
view video stories on diverse topics, visit www.sap-tv.com. From this site, you
can embed videos into your own Web pages, share video via e-mail links and subscribe to RSS feeds
from SAP TV.
Follow SAP on Twitter at @sapnews.
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:
SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EDT; press@sap.com
James Dever, SAP, +1 (610) 661-2161, (EST) james.dever@sap.com
Christoph Liedtke, SAP AG, +49 (6227) 7-50383, CET christoph.liedtke@sap.com
For more information, financial community only:
Stefan Gruber +49 (6227) 7-44872 stefan.gruber@sap.com, CET
Marty Cohen +1 (212) 653-9619 martin.cohen@sap.com, EDT