SAP Co-CEO Jim Hagemann Snabe Proposed for Election to the SAP Supervisory Board

  SAP Co-CEO Jim Hagemann Snabe Proposed for Election to the SAP Supervisory

PR Newswire

WALLDORF, Germany, July 21, 2013

WALLDORF, Germany, July 21, 2013 /PRNewswire/ -- SAP AG (NYSE: SAP) today
announced that the SAP Supervisory Board has agreed to propose that Co-CEO Jim
Hagemann Snabe be elected to the SAP Supervisory Board at the SAP Annual
General Meeting of Shareholders in May 2014. This proposal is subject to
support by at least 25% of the shareholders. Jim Hagemann Snabe will
transition from his current role as co-CEO and member of the SAP Executive
Board upon the conclusion of the Annual General Meeting of Shareholders in May
2014, ten months from now.

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"After more than 20 years with SAP, I have decided that it is time for me to
begin the next phase of my career, closer to my family," said Co-CEO Jim
Hagemann Snabe. "What the entire SAP team has achieved since 2010 is
remarkable, and the momentum we have built is now driving the transformation
of the industry. I would be honored to continue my commitment to SAP in
serving as a member of the Supervisory Board, building on the partnership and
friendship with Bill McDermott and the entire Global Managing Board, to
further accelerate SAP's success."

"I am incredibly proud of what Jim and Bill have achieved together since they
took the lead as co-CEOs in February 2010. They have exceeded my expectations
in expanding SAP's market leadership and profitable growth through a
relentless focus on innovation and customer success. With two of the best
leaders in the industry, now I can look to bring Jim's experience and energy
to the SAP Supervisory Board, and be sure SAP is firmly in the hands of a
visionary leader with Bill as sole CEO," said Hasso Plattner, Co-Founder of
SAP and Chairman of the SAP Supervisory Board.

"As co-CEOs, we have a proven track record of making bold decisions that set
SAP and our customers up for value and growth," said Co-CEO Bill McDermott.
"The proposed set-up, with Jim joining the Supervisory Board, builds on the
strength of our partnership and personal friendship, and will make SAP an even
stronger company as we accelerate the transformation of the industry. Our
commitment to SAP, our global customers and our innovation agenda is stronger
than ever."

The Company will host a conference call for media and analysts tomorrow,
Monday July 22, 2013 at 4:30 pm CET / 10:30 am EDT / 7:30 am PDT. The
conference call will be web cast live on the Company's website at and will be available for replay.

The participant dial-in details for the call are as follows:

United Kingdom:+44-208-515-2334
United States:+1-480-629-9819

Passcode: 4632028

A replay of the call will be available for two weeks following the call.
Replay numbers can be found below:

Germany: + 49-69-5899-90567
United Kingdom: + 44 207 154 2833
United States:+1 303 590 3030

Replay Passcode: 4632028

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and services enable more than 248,500 customers to operate profitably, adapt
continuously, and grow sustainably. For more information, visit

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