SAP Watch

Mar 28 2007   2:54PM GMT

It's true!


SAP just released a statement confirming that Shai Agassi will resign, effective April 1, 2007. Hasso Plattner, chairman of the SAP Supervisory Board and company founder, had this to say:

"While we regret Shai's decision to leave, we congratulate him on his record of achievement at SAP. Shai drove the company's successful platform strategy, led innovation that helped SAP grow and continue market leadership, as well as set the stage for the future of business software. I had shared with Shai my plan that he should become successor to Henning Kagermann as a co-CEO for SAP. With the extension of Henning's contract to 2009, it became apparent that Shai was not comfortable committing to a 10- to 15-year period, which was not in keeping with his personal career timeline. Given this, I made the recommendation to the Supervisory Board that we change our plans and now adjust SAP's executive management team responsibilities."

We'll keep you updated as this story develops, and will have something for tomorrow on

Jon Franke
News Editor

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