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New CEO for Software AG

Sanjay Brahmawar will join Software AG from IBM

New CEO for Software AG
Brahmawar will take over from Karl-Heinz Streibich, whose contract has expired.

Software AG has announced the appointment of Sanjay Brahmawar as its new chief executive officer.

Brahmawar will take on the role from 1st August this year, for an initial five-year term. He succeeds Karl-Heinz Streibich, who will step down after more than 14 years at the top at Software AG, as he has reached retirement age.

Brahmawar will join Software AG from IBM, where he is currently general manager Global Revenue of IBM Watson Internet of Things. Previously, he served as general manager at IBM Consulting Services in London,

Andreas Bereczky, chairman of the Supervisory Board of Software AG: "In the last 14 years, Software AG, under the leadership of Karl-Heinz Streibich, has made the biggest transformation in its nearly 50-year history. By establishing the company's global digitalization business, Karl-Heinz Streibich has successfully built a second robust business division - to the benefit of the company's extensive customer base and to the benefit of our 4,600 employees worldwide. This achievement deserves our utmost gratitude and respect.

"Looking forward, we are very happy to have found Sanjay Brahmawar, a proven expert in the international IT business, who will ensure that Software AG continues to play a leading role in shaping the dynamic and competitive digitalization market with short innovation cycles. With Sanjay Brahmawar, Software AG has won a top manager who has been very successful in the technology sector for more than 18 years. During this time, he has impressively demonstrated how to combine technological know-how with entrepreneurial vision in various management positions. His tasks at Software AG will be to extend the company's global technology leadership, together with the successful management team, and gain further market share in the promising fields of the Digitalization, Industry 4.0 and Artificial Intelligence," continued Bereczky.

"With Sanjay Brahmawar, Software AG is excellently positioned to further expand our strong position as a pioneer of digital transformation and to implement innovative digitalization projects together with our customers, partners and employees," added Streibich.

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