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New Chairman of the Executive Board

Software AG: Sanjay Brahmawar succeeds Karl-Heinz Streibich

The Supervisory Board of Software AG has appointed Sanjay Brahmawar as the new Chief Executive Officer of Software AG for five years, effective August 1, 2018. The 47-year-old Brahmawar succeeds Karl-Heinz Streibich (65), who will retire after more than 14 years at the helm of the company.

Sanjay Brahmawar succeeds Karl-Heinz Streibich

"Over the past 14 years, Software AG has undergone the biggest transformation in its almost 50-year history under the leadership of Karl-Heinz Streibich. By building up the global digital business, he has placed the technology group on a future-proof second pillar - in the interests of our customers and for the benefit of our 4,600 employees worldwide. This achievement deserves our greatest thanks and respect," said Dr. Andreas Bereczky, Chairman of the Supervisory Board of Software AG.

"At the same time, we are very happy to have found in Sanjay Brahmawar a proven expert in the international IT business who will ensure that Software AG will continue to play an active role in shaping the future in a dynamic and highly competitive market with short innovation cycles. With Sanjay Brahmawar, Software AG has gained a top manager who has been highly successful in the technology industry for more than 18 years. During this time, he has impressively demonstrated his ability to combine technological know-how with entrepreneurial action in various management positions. His task at Software AG will be to work with the successful management team to defend the company's international technology leadership and gain further market share in the future fields of digitalization, Industry 4.0 and artificial intelligence," Bereczky added.

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"With Sanjay Brahmawar, Software AG is excellently positioned to further expand its position as a pioneer of digital transformation and to implement innovative projects for the digital age together with our customers, partners and employees," says Karl-Heinz Streibich, CEO of Software AG.

Sanjay Brahamwar is currently Managing Director at IBM Watson Internet of Things in Munich. He is responsible for global software sales with a focus on data analysis and artificial intelligence. Previously, he was Managing Director of IBM Consulting Services in London, where he was responsible for the business with all mandates in the European industrial sector (oil and gas, automotive, aviation, electronics and mechanical engineering). In the past, Sanjay Brahmawar has impressively demonstrated his ability to increase the company's activities both in terms of sales and margins. He has an international and multicultural background, having lived in Germany, England, Holland, Belgium, Finland and India. Sanjay Brahmawar was born in India and has Belgian citizenship. He lives with his family near Munich and is a keen runner and cyclist in his spare time. kp

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