SAP Reorganizes Board as CEO Klein to Focus on Developing AI [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
Most Read from Bloomberg SAP's pivot comes as investors flee software-as-a-service companies, fearing disruption by AI. Shares of enterprise software firms have been rocked in recent weeks as new AI tools raised the specter of users automating more tasks and workflow applications. At SAP, customers, resellers and investors have raised doubts about the prices and value of the company's flagship AI product, Bloomberg reported last week. “The AI evolution is moving rapidly, and we need to keep pace,” Klein wrote. “We once again need to transform SAP end to end, going all in on AI.” SAP's shares have fallen 38% over the last year, causing it to lose its position as Europe's most-valuable public company. Board member Muhammad Alam, who leads product and engineering, will not renew his contract that ends in March 2027 due to personal reasons, Klein said in the email, confirming a Bloomberg News report on Friday. Alam's departure will add to SAP's high executive board member turno
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- Chief executive of Germany's SAP software giant earns €16m in 2025 [Yahoo! Finance]Yahoo! Finance
- FC Bayern Scores Big with RISE with SAP to Future-Proof Club and Organizational OperationsPR Newswire
- SAP Releases Integrated Report 2025 and Files Annual Report 2025 on Form 20-F with the U.S. Securities and Exchange Commission [Yahoo! Finance]Yahoo! Finance
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- 1/29/26 - Miss
SAP
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- 2/3/26 - Form 6-K
- SAP's page on the SEC website