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Name | Symbol | Market | Type |
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SAP SE | NYSE:SAP | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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-0.065 | -0.03% | 253.575 | 254.5405 | 252.22 | 253.01 | 301,980 | 18:22:50 |
WALLDORF, Germany, Sept. 3, 2024 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced that the SAP Supervisory Board has reached a mutual agreement with Chief Technology Officer and Executive Board Member Dr.-Ing. Jürgen Müller to leave the company's Executive Board, effective September 30, 2024.
Müller stated: "I want to address an incident at a past company event where my behavior was inappropriate. I regret being inconsiderate and sincerely apologize to everyone affected. I recognize my behavior at that moment did not reflect our values at SAP. I take full responsibility and believe stepping down is best for the company. I wish the team continued success."
Müller has played a key role in establishing the SAP Business Technology Platform (BTP), which provides the technical foundation for SAP's best-of-suite offering and serves more than 23,000 live customers.
"We thank Jürgen Müller for his significant accomplishments and wish him well in his future endeavors," said Pekka Ala-Pietilä, Chairman of the Supervisory Board of SAP SE.
In the interim, SAP CEO Christian Klein will assume responsibility for most of the Technology and Innovation Board area that Müller leads. The SAP Global Security & Cloud Compliance team will join the Customer Services & Delivery Board area under Thomas Saueressig.
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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 2023 Annual Report on Form 20-F.
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SOURCE SAP SE
Copyright 2024 PR Newswire
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