SAP tempts Kagermann to stay for at least one more year

by Andrew James

SAP have stated their intentions in trying to keep its current chairman Henning Kagermann to stay on for at least another year. Kagermann has been CEO of the company since 1998, during which time the company has enjoyed impressie growth. Between 1998 and 2003, he was co-chairman alongside Hasso Plattner one of the co-founders of SAP. Speaking recently, the group's supervisory board chief, Plattner said of the chairman, who is due to turn 60 this year.

"We hope that Mr Kagermann will remain available as head of the management board at least for one further year,"

"I assume that Henning Kagermann will accept the board's offer," .

As part of the companies regulations SAP, once the chief executive turns 60 their contract has to be renewed every year.