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SAP expected to defer succession decision for another year

16th Jan 2007
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SAP’s advisory board is expected to defer the decision on who takes over from current CEO Henning Kagermann by offering a one-year extension to his contract, which ends in December 2007.

Speculation as to the succession has been rumbling on for some time, with the main contenders for the job being Shai Agassi, president of the product and technology group and member of SAP’s executive board since April 2002, and Leo Apothekar. The latter is president of the application vendor’s global customer solutions and operations business and also an executive board member.

SAP’s co-founder, former CEO and current supervisory board chairman, Hasso Plattner, has indicated that he will recommend a 12-month contract extension and the matter will be discussed at the supervisory board meeting on 15 February.

The company’s policy stipulates that executive board members aged 60 or more be offered annual contracts rather than the traditional five-year ones, although there are no restrictions on how many times such short-term deals may be put forward. Kagermann will be 60 later this year.

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