Indian American executive set to takeover as chairman from co-founder and current chair Hasso Plattner in 2024
Deloitte Globalâ€™s former Indian American CEO Punit Renjen has been elected a member of the prestigious SAP Supervisory Board and named deputy chairperson of the market leader in enterprise application software.
The election of Renjen, 61 was supported by 99.21% of the shareholders at the Annual General Meeting of SAP SE, in Waldorf, Germany, according to a company release.
With that, the handover process from current Chairman Prof. Hasso Plattner to Renjen as the designated successor of the Chairman of the Board has started.
Company co-founder and current Chairman of the Board, Hasso Plattner, is scheduled to leave the SAP Supervisory Board when his current mandate expires after the 2024 AGM.
As a first step in this process, in an extraordinary meeting immediately following the AGM the Supervisory Board elected Punit Renjen as a Deputy Chairperson of the Supervisory Board.
â€œWe believe that Punit Renjen is an excellent candidate who, with his outstanding expertise, his many years of experience in a global company, and his valuable knowledge of many industries, represents a gain for SAP and our Supervisory Board. And we all find him to be an extremely suitable and capable candidate to take over my role as chairperson of the Supervisory Board in the future,â€ said Hasso Plattner.
Punit Renjen added, â€œI am very thankful for the trust SAP shareholders put in me. I am looking forward to working with talented colleagues around the world to ensure SAP strengthens its position as an enterprise application leader in the cloud.â€
Last March President Joe Biden appointed Renjen to the Presidentâ€™s Export Council that serves as the principal national advisory committee on international trade.
Renjen retired as Deloitte Global CEO on Dec 31, 2022, after having served in the role since June 2015. Under Renjenâ€™s leadership Deloitte launched WorldClassâ€”a global effort to prepare 100 million underprivileged people for a world of opportunityâ€”based on the belief that when society thrives, business thrives, according to his official profile.
Over his career, Renjen has been recognized by numerous organizations for his leadership, business acumen and commitment to societal impact.
In 2022, Renjen was recognized by the Economic Times as â€œGlobal Indian of the Yearâ€ and the Carnegie Corporation of America as one of 34 â€œGreat Immigrants. Great Americans.â€
In 2021, the US-India Strategic Partnership Forum recognized Renjen with its Global Achievement Award. In 2020, Renjen was awarded the Oregon History Makers Medal.
Renjen was raised in Rohtak, Haryana. After earning an MBA in management from Oregon’s Willamette University, he was hired by Touche Ross, which merged into Deloitte in 1989. He has worked at Deloitte and lived in the US ever since.