Bloomberg News

SAP Says China Growth Not Hurt by Managers Leaving on Violations

March 26, 2012

SAP AG (SAP) said neither its China strategy nor its growth plan in the country will be hurt as it seeks to replace five managers who are stepping down after violating internal compliance rules.

Shang Ling Jui, head of the company’s Shanghai Labs, has left the company and has been replaced on an interim basis by Clas Neumann, who leads the global development center in India, spokesman Christoph Liedtke said, confirming a report by the Financial Times Deutschland today.

Yueting Zhou, chief of Globalization Services, and Hua Wang, head of the Business One product for small businesses, are also leaving SAP, he said. Robert Viehmann, chief of the Solution Assembly and Packaging unit, and manager Oliver Wang have been suspended, Liedtke said, adding that no external party has been affected by the violations.

To contact the reporter on this story: Cornelius Rahn in Frankfurt at crahn2@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net


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