WALLDORF — SAP SE (NYSE: SAP) today announced that the Annual General Meeting of Shareholders (AGM) of SAP SE elected Dr. h.c. Punit Renjen (61) as new member of the company’s Supervisory Board. Renjen’s election was supported by 99.21% of the shareholders.
With that, the handover process from current Chairman Prof. Dr. h. c. mult. Hasso Plattner to Punit Renjen as the designated successor of the Chairman of the Board has started. Company co-founder and current Chairman of the Board, Hasso Plattner, is scheduled to leave the SAP Supervisory Board when his current mandate expires after the 2024 AGM. As a first step in this process, in an extraordinary meeting immediately following the AGM the Supervisory Board elected Punit Renjen as a Deputy Chairperson of the Supervisory Board.
“We believe that Punit Renjen is an excellent candidate who, with his outstanding expertise, his many years of experience in a global company, and his valuable knowledge of many industries, represents a gain for SAP and our Supervisory Board. And we all find him to be an extremely suitable and capable candidate to take over my role as chairperson of the Supervisory Board in the future,” said Hasso Plattner.
Punit Renjen added, “I am very thankful for the trust SAP shareholders put in me. I am looking forward to working with talented colleagues around the world to ensure SAP strengthens its position as an enterprise application leader in the cloud.”
Jennifer Li (55) and Dr. Qi Lu (61) were re-elected as members of the Supervisory Board with 91.65% and 91.60% of the vote. The AGM also approved all other proposals of the Executive Board and Supervisory Board. That includes the compensation system for Executive Board members, which incorporates revisions based on shareholder feedback (92.80% support), and the approval to buy back treasury shares (93.86% of the vote). The shareholders approved the actions of the Executive Board and Supervisory Board for fiscal 2022. An overview of the resolutions of the Annual General Meetings of the past years can be found here.
For 2022, SAP shareholders will receive a dividend of €2.05 per share. This is an increase of €0.10, or 5% compared to the regular dividend paid for 2021. The dividend for fiscal year 2021 consisted of a regular dividend of €1.95 and a special dividend of €0.50 in celebration of SAP SE’s 50th anniversary for a total dividend of €2.45. The total payout to shareholders will thus amount to around €2.4 billion. The dividend is expected to be paid out from May 16, 2022.
Visit the SAP News Center. Follow SAP on Twitter at @SAPNews.
SAP’s strategy is to help every business run as an intelligent, sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: SAP customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.com.
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 email links, and subscribe to RSS feeds from SAP TV.
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, financial community only:
Anthony Coletta, +49 6227-7-60437, email@example.com, CET
For more information, press only:
Joellen Perry, +1 (650) 445-6780, firstname.lastname@example.org, PT
Daniel Reinhardt, +49 6227-7-40201, email@example.com, CET
SAP Press Room; firstname.lastname@example.org
This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP’s 2022 Annual Report on Form 20-F.
© 2023 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.