SAP Appoints New Head of Global Financial Services

(PresseBox) ( Walldorf, )
SAP AG (NYSE: SAP) today announced the appointment of Dominic (Don) Trotta as the senior vice president and global head of Financial Services for SAP AG. Trotta is responsible for product strategy, development and overall market positioning activities for SAP in the banking and insurance industries globally, reporting to Bob Stutz, corporate officer of SAP Group, member of the Executive Council and executive vice president of Industry Solutions, SAP.

Trotta has been a key player in the financial service sector for over 25 years, holding positions such as chief technology officer and chief information officer at top-tier global financial institutions including Barclays, Citigroup, Chase Manhattan and American Express. Over the years, Trotta has also served on numerous financial services and CIO advisory boards for major industry organizations, such as HP, Accenture, Unisys, NCR/Teradata, The Research Board, MasterCard and Visa. In 2007 he was nominated for CIO of the year in the FT Bankers Award.

"With his deep, firsthand knowledge of large-scale business and technology demands in the industry globally, Don will greatly strengthen SAP's capability to deliver on our strategic commitment to our banking and insurance customers around the world," said Stutz. "Having his kind of industry leadership within SAP will enable us to accelerate the already substantial momentum we have built to date and help take us to the next level in the financial services industries."

With responsibility for SAP's financial services industry solutions globally, Trotta will be based in both New York and SAP headquarters in Walldorf, Germany.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such
as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

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