SAP Co-CEO Jim Hagemann Snabe Proposed for Election to SAP Supervisory Board

SAP AG

today announced that the SAP Supervisory Board has agreed to propose that Co-CEO Jim Hagemann Snabe be elected to the SAP Supervisory Board at the SAP Annual General Meeting of Shareholders in May 2014. This proposal is subject to support by at least 25% of the shareholders. Jim Hagemann Snabe will transition from his current role as co-CEO and member of the SAP Executive Board upon the conclusion of the Annual General Meeting of Shareholders in May 2014, ten months from now. (Logo:  http://photos.prnewswire.com/prnh/20110126/AQ34470LOGO ) "After more than 20 years with SAP, I have decided that it is time for me to begin the next phase of my career, closer to my family," said Co-CEO Jim Hagemann Snabe. "What the entire SAP team has achieved since 2010 is remarkable, and the momentum we have built is now driving the transformation of the industry. I would be honored to continue my commitment to SAP in serving as a member of the Supervisory Board, building on the partnership and friendship with Bill McDermott and the entire Global Managing Board, to further accelerate SAP's success." "I am incredibly proud of what Jim and Bill