SAP announced on Monday that it had chosen Pekka Ala-Pietilä, a former executive of Finnish network equipment supplier Nokia, as the future Chairman of its Supervisory Board.

Ala-Pietilä's appointment will be put to shareholders for a two-year term at the Annual General Meeting, to succeed Hasso Plattner.

Hasso Plattner, co-founder of the German software group, has chaired the Supervisory Board since 2003.

Pekka Ala-Pietilä, 67, was previously a member of SAP's Supervisory Board between 2002 and 2021.

Between 2018 and 2020, he had held the position of chairman of the European Union's high-level expert group on artificial intelligence, as well as that of chairman of the Finnish AI program between 2017 and 2019.

In a press release, SAP praises his good knowledge of the technology sector and the subtleties of a European company's governance, as well as his 'unwavering' support at many crucial moments for the company.

Following this announcement, SAP shares were down 0.8% on Monday morning on the Frankfurt Stock Exchange, posting the biggest drop on the DAX index.

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