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SAP Names Christian Klein to Executive Board to Lead Global Business OperationsWALLDORF, Germany, Oct. 12, 2017 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced the appointment of Christian Klein to the SAP Executive Board effective Jan. 1, 2018. Klein, who is chief operating officer (COO) of SAP, will retain his current role. In the new board area, Global Business Operations, he will continue to work enterprise-wide to build a high-performance IT organization as well as to achieve closer integration among all board areas. Global Business Operations will coordinate the internal activities at SAP that support the Run Simple program, drive simplification and modernization of core business processes and align them with SAP's cloud and platform strategy. SAP is setting the course for its digital transformation and transition to a cloud company. The goal is to create a stronger organization that makes faster decisions, shows internal agility and flexibility and is ready to face new challenges in the fast-changing technology industry. "With Christian Klein, we have a proven expert for this major responsibility," said Professor Hasso Plattner, chairman of the Supervisory Board of SAP SE. "He knows SAP very well. Despite his youth, he has the necessary background to make our organization and processes even faster, more efficient and ready for future challenges. His appointment is further evidence that SAP identifies young talent internally at an early stage and promotes them to management roles." Klein said, "I look forward to driving consistent, continual digital transformation at SAP. The experience we gain on this journey benefits us, but ultimately benefits all our customers, who are also transforming to stay competitive in a digital future." Christian Klein, 37, has served as COO of SAP since April 1, 2016. His role included optimization of internal processes, development of an automated and integrated IT infrastructureand controlling. Klein joined SAP in 1999 as a student. He holds a diploma in international business administration from the University of Cooperative Education in Mannheim, Germany. SAP Extends Contract with Michael Kleinemeier For more information, visit the SAP News Center. Follow SAP on Twitter at @sapnews. About SAP 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. © 2017 SAP SE. All rights reserved.
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