SAP Evolves Executive Board to Maximize Innovation Adoption and Customer Value in the Cloud

Rhea-AI Summary

SAP SE (NYSE: SAP) has announced two changes to its Executive Board to enhance cloud growth and adoption. A new Board area will be created to accelerate cloud growth and adoption, led by Thomas Saueressig, while Muhammad Alam will join the Executive Board, succeeding Saueressig and assuming responsibility for SAP's product engineering.

WALLDORF, Germany, Jan. 9, 2024 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced two changes to its Executive Board to build on the company's success ensuring customers benefit from the cloud in the era of AI. SAP's dynamic cloud growth over the past three years, coupled with the development of an industry-leading modular cloud suite, has set the stage for the next phase of innovation and impact.

Starting April 1, 2024, a new Board area will be created to accelerate cloud growth and adoption. This Board area, led by Thomas Saueressig, will be focused on ensuring customers' ability to embrace continuous innovation in the cloud. At the same time, Muhammad Alam will join the company's Executive Board, succeeding Thomas Saueressig and assuming responsibility for SAP's product engineering.

"I am excited that Thomas Saueressig has agreed to take on a critically important new role focused on maximizing potential for our customers in the cloud," said Professor Hasso Plattner, chairman of the Supervisory Board of SAP SE. "Thomas' demonstrated leadership, expertise and customer focus will be key as he works to build a team responsible for comprehensive value delivery. Muhammad Alam is a visionary leader and a passionate engineer who shares SAP's commitment to excellence and innovation, and he is well suited to continue driving the success of our product engineering teams. On behalf of the entire Supervisory Board, I wish him a successful start."

New Board Area Will Focus on Innovation Adoption in the Cloud

Effective April 1, 2024, SAP will put the power of a new dedicated Board area called Customer Services & Delivery behind the company's drive to support customers in their cloud transformation journey, accelerate innovation adoption and further increase customer satisfaction. The new Board area will help ensure that customers are able to swiftly adopt and consume innovation, maximize the benefits of the cloud and realize the value of SAP's integrated portfolio. Saueressig, who joined the Executive Board in 2019, will head the new Board area, building on his success in transforming the SAP Product Engineering organization, re-focusing the portfolio and delivering continuous innovation over the past five years.

"Everything we do at SAP, we do for our customers," said Saueressig. "With Customer Services & Delivery, we establish a new level of attention to our customers' success. I could not be more humbled to lead this new Board area and this incredible team. Customer Services & Delivery is the place where deep product expertise and strong customer relationships are united as one. Together we will drive innovation adoption and customer satisfaction to new heights." 

Engineering and Innovation Are the Priorities for New Board Member 

Succeeding Saueressig and assuming responsibility for SAP's product engineering, Alam will join the company's Executive Board, effective April 1, 2024.

Alam joined SAP on January 31, 2022, as president and chief product officer for the Intelligent Spend and Business Network. In this role, he leads the engineering and design teams focused on procurement, travel and expense, external workforce management and SAP Business Network. Prior to SAP, Alam worked for 17 years at Microsoft, most recently as corporate vice president of product and engineering for Microsoft Dynamics 365 business applications.

"Since I joined SAP, I have been amazed by the breadth and depth of our product portfolio, our engineering excellence and the tremendous value our engineers create for SAP's customers," said Alam. "I am truly honored to have been appointed to the Executive Board and thank the Supervisory Board for their trust. Together with the best product and engineering team in the world, we will continue our transformation journey and bring incredible innovation to life across and beyond our solutions for customers."

Visit the SAP News Center. Follow SAP on Twitter at @SAPNews.

About SAP

SAP's strategy is to help every business run as an intelligent, sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: SAP customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers' businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people's lives. For more information, visit www.sap.com.

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP's 2022 Annual Report on Form 20-F.

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SOURCE SAP SE

FAQ

What changes did SAP SE announce to its Executive Board?

SAP SE announced the creation of a new Board area focused on accelerating cloud growth and adoption, led by Thomas Saueressig. Muhammad Alam will also join the Executive Board, succeeding Saueressig and taking on responsibility for SAP's product engineering.

When will the new Board area be effective?

The new Board area will be effective starting April 1, 2024.

Who will lead the new Board area at SAP SE?

The new Board area at SAP SE will be led by Thomas Saueressig.

Who will be joining the Executive Board of SAP SE?

Muhammad Alam will be joining the Executive Board of SAP SE, effective April 1, 2024.

What will Muhammad Alam's role be at SAP SE?

Muhammad Alam will be succeeding Thomas Saueressig and assuming responsibility for SAP's product engineering at SAP SE.

What is the ticker symbol of SAP SE?

The ticker symbol of SAP SE is SAP.

Where can I find more information about the changes at SAP SE?

You can visit the SAP News Center and follow SAP on Twitter at @SAPNews for more information about the changes at SAP SE.