Software AG: Sanjay Brahmawar appointed as new CEO for a term of five years effective August 1, 2018
January 31, 2018 at 09:20 pm
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DGAP-Ad-hoc: Software AG / Key word(s): Change of Personnel
Software AG: Sanjay Brahmawar appointed as new CEO for a term of five years effective August 1, 2018
31-Jan-2018 / 22:14 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Ad hoc Disclosure (Inside Information according to Article 17 MAR)
Supervisory Board of Software AG appoints Sanjay Brahmawar as new CEO with effect of August 1, 2018
- Sanjay Brahmawar appointed as new CEO for a term of five years effective August 1, 2018
The Supervisory Board of Software Aktiengesellschaft (TecDAX, ISIN DE000A2GS401, WKN A2GS40, SOW) decided today to appoint Mr. Sanjay Brahmawar as new CEO of Software AG for a five year term with effect of August 1, 2018. Mr. Brahmawar will succeed Mr. Karl-Heinz Streibich, whose term will end on July 31, 2018 as he has reached the recommended age limit.
Software AG
Supervisory Board
Person making the notification:
Frederic Freichel
Junior Manager Investor Relations
31-Jan-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Software AG
Uhlandstraße 12
64297 Darmstadt
Germany
Phone:
+49 (0)6151 92-1900
Fax:
+49 (0)6151 92-34 1899
E-mail:
Investor.Relations@softwareag.com
Internet:
www.softwareag.com
ISIN:
DE000A2GS401
WKN:
A2GS40
Indices:
TecDAX
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
Software AG is a Germany-based software developer and provider of information technology (IT) platforms for businesses. The Company operates in three segments: Digital Business Platform (DBP), Adabas & Natural (A&N) and Consulting. The DBP segment focuses on integration, business process management and big data with the webMethods, Aris, Alfabet, Apama and Terracotta product families. It also includes the IoT/Cloud business line, which focuses on Internet of Things (IoT) and cloud computing solutions. The A&N segment offers data management with the Adabas and Natural product families. The Consulting segment specializes in the implementation of the Company's products. The Company assists businesses from various industries with digital transformation processes. Its clients are active in the banking, communication, energy, insurance, retail and transportation industries, among others.