Business Objects CEO John Schwarz Named to SAP Executive Board

WALLDORF, Germany, Feb. 19 /PRNewswire-FirstCall/ -- SAP AG today announced that, at the regular meeting of the SAP Supervisory Board on February 13, 2008, Business Objects CEO John Schwarz was named officially as the seventh member of the SAP Executive Board, effective March 1, 2008.

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As a result of the majority acquisition of Business Objects, SAP has created a new line of business called SAP Business Objects, under Schwarz's leadership. SAP now holds 100 percent of Business Objects, an SAP company. As a member of the SAP Executive Board, reporting to SAP CEO Henning Kagermann, Schwarz is responsible for all aspects of Business Objects operations, including go-to-market activities and development, as well as the integration of the SAP Business Objects unit into SAP.

Schwarz joined Business Objects in September 2005 as its CEO, and during his tenure oversaw seven strategic acquisitions, including Cartesis and Firstlogic. He drove revenue growth to more than U.S. $1.5 billion.

Prior to Business Objects, Schwarz was president and chief operating officer of Symantec Corporation. While at Symantec, he played a key role in tripling the business to more than U.S. $2.7 billion in revenue and was instrumental in the successful combination of Symantec and VERITAS. Before joining Symantec, Schwarz spent 25 years at IBM Corporation, working in various development, manufacturing, sales and marketing roles. His last position was general manager of IBM's Industry Solutions unit.

Schwarz holds a diploma in business administration from the University of Toronto and a degree in computer science from the University of Manitoba. In 2004, he received an honorary Ph.D. from Dalhousie University in Halifax, Nova Scotia.

About Business Objects

As an independent business unit within SAP, Business Objects transforms the way the world works by connecting people, information and businesses. Together with one of the industry's strongest and most diverse partner networks, the company delivers business performance optimization to customers worldwide across all major industries, including financial services, retail, consumer-packaged goods, healthcare and public sector. With open, heterogeneous applications in the areas of governance, risk and compliance; enterprise performance management; and business intelligence; and through global consulting and education services, Business Objects enables organizations of all sizes around the globe to close the loop between business strategy and execution.

About SAP

SAP is the world's leading provider of business software*. Today, more than 46,100 customers in more than 120 countries run SAP(R) applications-from distinct solutions addressing the needs of small businesses and midsize companies to suite offerings for global organizations. Powered by the SAP NetWeaver(R) technology platform to drive innovation and enable business change, SAP software helps enterprises of all sizes around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP solution portfolios support the unique business processes of more than 25 industries, including high tech, retail, financial services, healthcare and the public sector. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE under the symbol "SAP." (Additional information at http://www.sap.com/)

(*) SAP defines business software as comprising enterprise resource planning and related applications such as supply chain management, customer relationship management, product life-cycle management and supplier relationship management.

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