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MarketScreener Homepage  >  Equities  >  Xetra  >  Software    SOW   DE000A2GS401

SOFTWARE

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Software : Appoints Dr. Elke Frank as Chief Human Resources Officer and Member of the Executive Board

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06/24/2019 | 10:05am EDT

DGAP-News: Software AG / Key word(s): Personnel
Software AG Appoints Dr. Elke Frank as Chief Human Resources Officer and Member of the Executive Board

24.06.2019 / 15:59
The issuer is solely responsible for the content of this announcement.


Software AG Appoints Dr. Elke Frank as Chief Human Resources Officer and Member of the Executive Board

- Dr. Elke Frank is the first Chief Human Resources Officer (CHRO) to join the Executive Board, as part of Software AG's new strategy and its commitment to putting people first.

- New CHRO brings 20+ years of international experience in HR leadership and cultural transformation.

- Appointment effective as of August 1st, 2019.

Darmstadt, Germany, June 24, 2019 - Software AG (Frankfurt, MDAX: SOW) today announced that its Supervisory Board has appointed Dr. Elke Frank as its new Chief Human Resources Officer (CHRO) and a Member of the Executive Board effective August 1st, 2019. Elke will be responsible for all aspects of HR including talent management, people development and cultural transformation as part of the company's bold new strategy.

Elke is the first CHRO to join the Executive Board, in recognition of the vital role that HR plays in delivering Software AG's growth strategy. Elke will leverage her strong international experience to lead a global HR team and ensure the organization focuses on maintaining and nurturing a workplace culture that develops and attracts the best people.

Sanjay Brahmawar, CEO of Software AG said, "I'm thrilled to welcome Elke to the Software AG family to drive our people agenda. Our people are critical in accelerating our multi-year transformation. Elke will help us deliver on our promise of creating a culture we're proud of - and that translates into our work with our customers and partners."

"Elke's extensive experience and expertise within HR leadership roles makes her the perfect fit for the Executive Board", said Dr. Andreas Bereczky, Chairman of the Supervisory Board of Software AG. "Her appointment will play a vital role in helping Software AG to attract and retain top talents as we continue to build on our success."

Of her appointment, Elke said, "I am excited to join Software AG as we embark on a journey to transform the business to create a people-first culture in a collaborative environment that is global and has a strong growth mindset. It's a commitment to upskilling employees and finding the best talents to join our organization. We want to create a great place to work, a place people can be proud of."

With more than 20 years of international experience in HR leadership roles across a range of sectors including at Daimler AG, Carl-Zeiss Vision, Microsoft and most recently Deutsche Telekom, Frank will be instrumental in upskilling and growing a diverse and agile workforce. For many years, she has worked closely with leadership teams to establish a collaborative and open-minded environment where employees and leaders can perform and grow.

Dr. Elke Frank is married and lives in Stuttgart. She is a passionate runner and skier.

###

About Software AG

Software AG offers Freedom as a Service. We reimagine integration, spark business transformation and enable fast innovation on the Internet of Things so you can pioneer differentiating business models. We give you the freedom to connect and integrate any technology-from app to edge. We help you free data from silos so it's shareable, usable and powerful -enabling you to make the best decisions and unlock entirely new possibilities for growth.

Learn more about Software AG and Freedom as a Service at www.softwareag.com. Software AG | Uhlandstrasse 12 | 64297 Darmstadt | Germany

Detailed press information about Software AG including a picture and multimedia database are available under: www.softwareag.com/press

Follow us on Twitter: Software AG Germany | Software AG Global

Contact:

Bärbel Strothmann baerbel.strothmann@softwareag.com>
Senior Manager, Corporate Communications
Tel: +49 (0) 6151 92 1502
 
 


24.06.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Software AG
Uhlandstraße 12
64297 Darmstadt
Germany
Phone: +49 (0)6151 92-1900
Fax: +49 (0)6151 92-34 1899
E-mail: Investor.Relations@softwareag.com
Internet: www.softwareag.com
ISIN: DE000A2GS401
WKN: A2GS40
Indices: MDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 829827

 
End of News DGAP News Service

829827  24.06.2019 

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© EQS 2019
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Financials (EUR)
Sales 2019 883 M
EBIT 2019 241 M
Net income 2019 150 M
Finance 2019 236 M
Yield 2019 2,90%
P/E ratio 2019 12,0x
P/E ratio 2020 12,2x
EV / Sales2019 1,77x
EV / Sales2020 1,63x
Capitalization 1 798 M
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 31,78  €
Last Close Price 24,27  €
Spread / Highest target 85,4%
Spread / Average Target 30,9%
Spread / Lowest Target 3,01%
EPS Revisions
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NameTitle
Sanjay Brahmawar Chief Executive Officer
Andreas Bereczky Chairman-Supervisory Board
Arnd Zinnhardt Chief Financial Officer
Bernd Groß Chief Technology Officer
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