SAP Supervisory Board Extends Executive Board Contracts

WALLDORF, Germany, July 7, 2011 /PRNewswire/ -- SAP AG (NYSE: SAP) announced that its supervisory board has voted to extend the tenures of Bill McDermott and Jim Hagemann Snabe as Co-CEOs of SAP AG through June 30, 2017 and to extend the tenure of executive board member Gerhard Oswald through June 30, 2014. Bill McDermott, Jim Hagemann-Snabe and Gerhard Oswald have agreed to the respective extension of their contracts.

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"The supervisory board again has expressed its full confidence in Bill McDermott and Jim Hagemann Snabe and recognized their extraordinary achievements in leading SAP's successful growth performance during their tenure. We are also very pleased that Gerd Oswald will continue to serve SAP with his long experience and outstanding expertise," said Hasso Plattner, chairman of the SAP Supervisory Board. "Under Bill's and Jim's guidance, SAP has returned to growth and further extended its leadership in business software while delivering breakthrough innovations in the software industry to market. We remain committed to further pursuing this successful course."

Bill McDermott started his career at SAP in 2002 and was appointed member of the executive board in 2008. Jim Hagemann Snabe started his career at SAP in 1990 and was appointed member of the executive board in 2008. Gerhard Oswald started his career at SAP in 1981 and was appointed member of the executive board in 1996. Further information: http://www.sap.com/corporate-en/our-company/executive-board.epx

About SAP

As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 170,000 customers (includes customers from the acquisition of Sybase) to operate profitably, adapt continuously, and grow sustainably. 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.

Copyright © 2011 SAP AG. All rights reserved.

SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.

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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)

For more information, press only:
SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EDT; [email protected]
James Dever, SAP, +1 (610) 661-2161, (EST) [email protected]
Christoph Liedtke, SAP AG, +49 (6227) 7-50383, CET [email protected]

For more information, financial community only:
Stefan Gruber +49 (6227) 7-44872 [email protected],  CET
Marty Cohen +1 (212) 653-9619 [email protected], EDT

SOURCE SAP AG

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