SAP today named Chief Operating Officer Erwin Gunst labor relations director of SAP AG, effective January 1, 2009. He replaces SAP Executive Board member Claus Heinrich, who recently announced he will be leaving SAP on May 31, 2009. Until his official departure date, Heinrich will be actively involved in the transition phase to provide support and guidance where required to ensure a smooth transfer of responsibility.
In addition to his existing position, COO Erwin Gunst will assume responsibility for Global Human Resources, SAP IT, and the SAP Labs network on January 1, 2009. Gunst was appointed to the Executive Board of SAP AG, effective July 1, 2008, as chief operating officer. Previously, Gunst served as president of the SAP EMEA region. Gunst joined SAP in May 1988 and since then has held several management positions in the company.
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.
In addition to his existing position, COO Erwin Gunst will assume responsibility for Global Human Resources, SAP IT, and the SAP Labs network on January 1, 2009. Gunst was appointed to the Executive Board of SAP AG, effective July 1, 2008, as chief operating officer. Previously, Gunst served as president of the SAP EMEA region. Gunst joined SAP in May 1988 and since then has held several management positions in the company.
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.
