Former Deloitte Global CEO Punit Renjen has been tapped to be the next chairman of German software firm SAP.
He will succeed the company’s co-founder, Hasso Plattner, who has been leading the company for over 20 years.
Renjen, who served as Deloitte’s CEO from 2015 until the end of 2022, has been nominated by SAP’s supervisory board to join the board and has been proposed as the designated successor to Plattner. Plattner’s term will come to an end in May 2024.
“With extensive experience as a highly successful CEO of one of the world’s largest consulting firms, Punit brings valuable insights and expertise to the board. His deep understanding of our customers’ needs, and the broader industry make him an ideal candidate for Chairman of the supervisory board from 2024 onwards,” said Plattner in a statement.
“While we are now the number one enterprise application company globally, I will continue to chair SAP with passion and commitment until the baton is passed to the new leader who will take the company to new heights. As an investor with an unchanged stake, I will remain committed to SAP and its mission to help the world run better and improve people’s lives.”
Renjen said: “I am very pleased to be considered for a role at SAP – an iconic company with a key role in the global economy. At a time when the company is successfully transforming into an enterprise application leader in the cloud and delivering on Hasso Plattner’s original vision of helping the world run better and improving people’s lives, I could not be more excited at the opportunity to help shape the future of a company that has unmatched relevance for global business.”
