SAP Says China Growth Not Hurt by Managers Leaving on Violations
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SAP AG said neither its China strategy nor its growth plan in the country will be hurt as it seeks to replace five managers who are stepping down after violating internal compliance rules.
Shang Ling Jui, head of the company’s Shanghai Labs, has left the company and has been replaced on an interim basis by Clas Neumann, who leads the global development center in India, spokesman Christoph Liedtke said, confirming a report by the Financial Times Deutschland today.