![SAP board chair designate to resign, Ala-Pietila nominated as successor](https://i-invdn-com.investing.com/trkd-images/LYNXNPEK1A07R_L.jpg)
© Reuters. FILE PHOTO: The brand of software program firm SAP is seen in Davos, Switzerland Januar 22, 2020. REUTERS/Arnd Wiegmann/File Photo
(Reuters) – German software program firm SAP has nominated Finnish businessman Pekka Ala-Pietila to face for election as chair of its supervisory board after present chair designate Punit Renjen determined to resign, SAP mentioned on Sunday. Ala-Pietila, a former president of Nokia (HE:) Corporation who sat on SAP’s supervisory board from 2002 to 2021, will stand for election on the subsequent common assembly, the corporate mentioned in a press release.
Ala-Pietila is presently chairman of the board of packaging firm Huhtamaki, studying firm Sanoma Corporation and the HERE Technology supervisory board, in line with his LinkedIn web page. Renjen, a former CEO of Deloitte, was leaving the board over a “difference in perspective on the role of SAP Supervisory Board chair, which Punit Renjen was designated to assume”, SAP’s assertion mentioned, with out elaborating.
Renjen, whose resignation will take impact at SAP’s subsequent annual common assembly on May 15, was named because the designated chairman in February final 12 months to succeed the corporate’s co-founder Hasso Plattner after his two-decade time period expires in May 2024.