German software company SAP has nominated Finnish businessman Pekka Ala-Pietila to stand for election as chair of its supervisory board after current chair designate Punit Renjen decided to.
Ala-Pietila, a former president of Nokia Corporation who sat on SAP's supervisory board from 2002 to 2021, will stand for election at the next general meeting, the company said in a statement. Ala-Pietila is currently chairman of the board of packaging company Huhtamaki, learning company Sanoma Corporation and the HERE Technology supervisory board, according to his LinkedIn page.
(Reuters) -Network giant Cisco is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-growth areas, according to three sources familiar with the matter.
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