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SAP extends CEO Klein's contract until 2028

May 06, 2024 at 06:25 am EDT

BERLIN (Reuters) - SAP has prolonged CEO Christian Klein's contract for a further three years, extending it to the end of 2028, the German software company announced on Monday.

In addition, Klein was named chairman of the executive board after previously serving as its speaker, said SAP, one of Europe's biggest tech firms.

Klein, who started his career at SAP in 1999 as a student, "has consistently driven SAP's transformation to a cloud company", said Hasso Plattner, chairman of the supervisory board and one of the company's founders.

"We are convinced that this will lay the foundation for SAP's continued growth in a highly dynamic IT industry," he added.

(Reporting by Hakan Ersen and Andrey Sychev, Editing by Rachel More)

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Christian Klein

Christian Klein holds the position of Co-Chief Executive Officer & COO at SAP SE. Mr. Klein is also on the board of adidas AG. In his past career he occupied the position of Chief Financial Officer for SuccessFactors, Inc. He received a graduate degree from Duale Hochschule Baden-Württemberg Mannheim.

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SAP SE	Chief Executive Officer
SAP Deutschland SE & Co. KG SAP Deutschland SE & Co. KG Packaged SoftwareTechnology Services Part of SAP SE, SAP Deutschland SE & Co. KG is a German software company that develops software tools. The company is based in Walldorf, Germany. The CEO of the company is William R. McDermott.	Chief Executive Officer