SAP SE Extends CFO Luka Mucic's Contract

News provided by

Apr 10, 2020, 05:00 ET

WALLDORF, Germany, April 10, 2020 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced that it has extended Chief Financial Officer Luka Mucic's contract for another five years until the end of March 2026, from currently end of March 2021.

Mucic (48) has been a member of the SAP SE Executive Board since July 2014. He is responsible for the company's financial and administrative areas, among others. Mucic joined SAP in 1996 in the Legal department. He holds a joint executive MBA from Mannheim Business School in Germany and ESSEC in Paris, France, as well as a master's degree in law from the University of Heidelberg, Germany. He has also completed the second legal state examination in Germany.

"Luka Mucic is an experienced financial expert, who enjoys a high reputation and trust within the group and with customers," said Professor Hasso Plattner, Chairman of SAP SE's Supervisory Board. "Especially now, his work strengthens customers' trust in SAP and in their investments. By extending his contract, we are signaling stability in uncertain times."

"I would like to thank Hasso Plattner and the SAP Supervisory Board for the trust they place in me," Mucic said. "Challenging times lie ahead, and SAP is well prepared to weather them. I am extremely pleased that I can continue to play an active role in shaping both SAP's future and that of our customers."

Die deutsche Sprachversion der Pressemeldung finden Sie hier.

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

About SAP
As the Experience Company powered by the Intelligent Enterprise, SAP is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world's transaction revenue touches an SAP® system. 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 more than 440,000 business and public customers 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.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
© 2020 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.

For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)

Please consider our privacy policy. If you received this press release in your e-mail and you wish to unsubscribe to our mailing list please contact [email protected] and write Unsubscribe in the subject line.

SOURCE SAP SE