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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt won't be easy for India to transition away from coal, but it must be done, incoming SAP chair saysPunit Renjen, CEO emeritus of Deloitte Global and the incoming chairman of SAP, says India and other countries in the Global South need to figure out how to avoid using fossil fuels in their development.
Persons: Punit Renjen Organizations: Deloitte Global, SAP Locations: India
U.S. President Joe Biden has appointed the heads of Citigroup , United Airlines , CVS , 3M and FedEx , among other top executives, to sit on a White House advisory committee overseeing international trade. The President's Export Council gives recommendations and insight into the ways government policies impact U.S. trade performance. The group also provides feedback on how Biden's trade policies are affecting businesses across sectors from industry and labor to agriculture. She previously served as chief operating officer and group president of Starbucks and CEO of Sam's Club. The Export Council features expertise from labor, real estate, national security and law, and leaders of Fortune 200 companies.
"His deep understanding of our customers' needs, and the broader industry make him an ideal candidate for Chairman of the Supervisory Board from 2024 onwards," Plattner added. Plattner, who co-founded SAP in 1972 alongside four other former IBM employees, stepped down from active management in May 2003 to head the supervisory board after serving as SAP's CEO since 1997. He owns a 6.16% stake in SAP which is currently worth 8.23 billion euros ($8.73 billion), and said he would remain committed to the company as an "investor with an unchanged stake". SAP, in a separate statement, said it would propose a dividend of 2.05 euros per share for 2022. The company paid 2.45 euros a share for the previous year, which included a 0.50 euros apiece special dividend.
BERLIN/FRANKFURT, Feb 22 (Reuters) - SAP (SAPG.DE) on Wednesday named former Deloitte global CEO Punit Renjen as designated chairman to succeed co-founder Hasso Plattner, whose term will expire in May 2024. SAP's board nominated Renjen, global CEO of Deloitte from 2015 until the end of 2022, to stand for election as a new member of the supervisory the board, the statement said. Reporting by Victoria Waldersee in Berlin and Hakan Ersen in Frankfurt; Editing by Christoph SteitzOur Standards: The Thomson Reuters Trust Principles.
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