SAP's Management Faces Questions on Succession Planning and Pay
- No clear successor to software maker’s co-founder and chairman
- Company facing criticism of CEO pay heading into its AGM
A visitor passes an illuminated SAP logo in Walldorf, Germany.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
German software maker SAP SE is facing questions on two fronts heading into its annual meeting Wednesday: the future of its co-founder and chairman Hasso Plattner, and the pay packet of chief executive officer Bill McDermott.
Plattner, who built the company into a corporate computing power, is 73 -- two years short of SAP’s suggested retirement date for directors -- and an essential figure without a clear replacement.