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SAP : Announces DJ Paoni As President of North America Region

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02/17/2018 | 02:12pm CET

NEWTOWN SQUARE, Pennsylvania, Feb. 16 -- SAP, an enterprise applications software company, issued the following news release:

SAP SE (NYSE: SAP) today named DJ Paoni as president of SAP North America.

Effective immediately, Paoni will oversee all day-to-day operations, strategy and profitability across the United States and Canada.

"DJ's direct contribution to the ongoing transformation of our company is reflected throughout his long-standing success at SAP -- whether he's inspiring our growing salesforce, solving the unique needs of our diverse customers or identifying visionary business strategies that will ensure SAP's long-term financial growth throughout North America," said Jennifer Morgan, SAP Executive Board Member. "This appointment to regional president is a testament to his proven track record of customer success and his passion for building upon our unique employee culture across the region."

Since joining SAP in 1996, Paoni has ascended through a series of leadership roles, delivering strong results and establishing himself as a trusted customer advisor. Previously, Paoni served as president of North America Sales, responsible for customer success and growth across the region. Prior, he was managing director for the Midwest market unit, leading the strategy, operations and growth for the business. He has also served as head of the Strategic Customer Program in North America, where he set the strategic direction and vision for all efforts related to SAP's top North America-headquartered customers.

"SAP is in a unique position -- with the world's most robust portfolio of solutions -- to enable organizations to become best-run businesses and drive real, impactful results for their customers," said Paoni. "The cloud is the great equalizer, providing companies of all sizes the ability to transform and sustainably grow. Our employees and partners have a long-term focus on ensuring customers' success and delivering on our vision and purpose to help the world run better and improve people's lives."

Paoni succeeds Morgan, who held the position of president of SAP North America for nearly four years. In May 2017, she was appointed to the SAP Executive Board with oversight of Global Customer Operations (GCO) while maintaining dual responsibility as president of North America. Paoni's ascension will enable Morgan to focus solely on her executive board duties.

© 2018 Targeted News Service, source News Service

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Financials (€)
Sales 2018 24 393 M
EBIT 2018 6 810 M
Net income 2018 4 415 M
Finance 2018 205 M
Yield 2018 1,68%
P/E ratio 2018 22,38
P/E ratio 2019 20,32
EV / Sales 2018 4,21x
EV / Sales 2019 3,83x
Capitalization 103 B
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Average target price 100 €
Spread / Average Target 19%
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William R. McDermott Chief Executive Officer
Hasso Plattner Chairman-Supervisory Board
Christian Klein Chief Operating Officer
Luka Mucic Chief Financial Officer
Thomas Saueressig Chief Information Officer
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