Saturday, February 17, 2007
SAP Signs Kagermann for Two More Years
SAP Signs Kagermann for Two More Years: "Henning Kagermann is staying on as CEO at SAP AG through May 31, 2007, the company's board announced on Feb. 15.
Kagermann's contract was set to expire at the end of the year. The 59-year-old executive will turn 60 in July; under SAP's bylaws, board member who are 60 and older have their employment contracts renewed on an annual basis.
ADVERTISEMENT The two-year contract for Kagermann is longer than some industry observers expected, but could be appropriate for SAP as it transitions to both its Enterprise Services Architecture—a roadmap on track to be completed in 2007—and develops a new suite of software for the mid-market."
Kagermann's contract was set to expire at the end of the year. The 59-year-old executive will turn 60 in July; under SAP's bylaws, board member who are 60 and older have their employment contracts renewed on an annual basis.
ADVERTISEMENT The two-year contract for Kagermann is longer than some industry observers expected, but could be appropriate for SAP as it transitions to both its Enterprise Services Architecture—a roadmap on track to be completed in 2007—and develops a new suite of software for the mid-market."
