Ex-Deloitte CEO Renjen to be chairman of SAP

BENGALURU: Punit Renjen, the former Deloitte global CEO, will succeed the legendary co-founder of SAP, Hasso Plattner, as chairman of the $32-billion German enterprise software company.

Renjen, who was born and raised in Haryana, was Deloitte Global CEO from 2015 until his retirement in December last year. As global CEO, Renjen developed and executed a strategy that resulted in Deloitte's revenues growing from $35 billion to more than $59 billion in just seven years. Deloitte has awarded him the honorary title of global CEO emeritus.

Subject to shareholder approval, Renjen will step into the shoes of Plattner, 79, who co-founded SAP in 1972 - together with Dietmar Hopp, Claus Wellenreuther, Klaus Tschira, and Hans-Werner Hector. Plattner, who has served as chairman since 2003, said in a release, "We are excited to propose Punit Renjen as a new member of the SAP supervisory board for a four-year term at the AGM in May 2023. This initiates a structured transition at the helm of the supervisory board, ensuring the continuity necessary for our company's ongoing growth. 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."

Renjen said SAP is 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. I am looking forward to working with talented colleagues around the world to ensure the company continues to help its customers solve their most pressing problems," he said.