BENGALURU: software giant SAP said on Monday that he agreed to separate Renje work about differences over the role of the German major Fiscal Council chair, which the latter was appointed to assume.
“Punit Renjen chose resign his term on the SAP supervisory board with effect from the end of SAP's annual general meeting on May 15, 2024,” SAP said in a statement. Renjen would succeed SAP co-founder Hasso Plattner as president from the German enterprise software company.
SAP's supervisory board appointed Pekka Ala-Pietila as a new board member and proposed his name as Plattner's successor. Ala-Pietila will run for election for a two-year term at the next Annual General Assembly and, if elected, will assume the role of president. He was president of Nokia from 1999 to 2005 and a member of the supervisory board of SAP from 2002 to 2021.
“After two decades at the helm of SAP, the company I have nurtured since its inception, ensuring a successful handover of the leadership baton is critical to me and crucial to SAP’s continued success,” said Plattner, who serves as president since 2003. .
Renjen was global CEO of Deloitte from 2015 until his retirement in December last year. As global CEO, Renjen developed and executed a strategy that resulted in Deloitte's revenue growth from $35 billion to more than $59 billion in just seven years. Deloitte awarded him the honorary title of global CEO emeritus. Renjen grew up in Rohtak, Haryana, where his father founded an electrical equipment factory.