The only unexpected aspect of the extension is the length of the contract because the board has opted for a two-year renewal rather than the anticipated one-year term. Kagermann’s new contact runs through to May 31, 2009. SAP usually offers one-year contracts once executives reach 65 years of age but has made an exception in Henning’s case.
The two-year period will enable both SAP and Henning to concentrate on the company’s ambitious growth plans rather than fending off leadership speculation.
