Supervisory Board approves early contract extension for an additional five years

Darmstadt, Germany - The Supervisory Board of Software AG (Frankfurt MDAX®: SOW) has approved the appointment of Dr. Stefan Sigg as a member of the Management Board for another five years. His membership on the board would have ended next year after a five-year term. Dr. Sigg has now been officially reappointed Chief Product Officer and has a contract through March 31, 2027. Sigg was appointed to the Management Board of the Software AG Group on April 1, 2017 and has been responsible for the company's product portfolio since that time.

Dr. Sigg studied mathematics and physics at the University of Bonn and earned a doctorate degree there in 1994. After graduation, he started his professional career in product development at SAP SE. After holding a number of management positions, he took over responsibility for the SAP Business Warehouse, SAP HANA and finally SAP Analytics product families before being named to the Software AG Management Board in 2017.

In addition to his core responsibility of leading the company's R&D locations worldwide, Dr. Sigg also took over responsibility for global support, the cloud areas and the comprehensive research program. With the support of Software AG's Scientific Advisory Board, he focusses on bringing together innovations, market developments and customer requirements in equal measure in the product portfolio. Since 2014, Dr. Sigg has also taught courses on analytics, big data technologies and IoT at the Technical University of Darmstadt.

Software AG extends contract

In addition to his core responsibility of leading the company's R&D locations worldwide, Dr. Sigg also took over responsibility for global support, the cloud areas and the comprehensive research program. With the support of Software AG's Scientific Advisory Board, he focusses on bringing together innovations, market developments and customer requirements in equal measure in the product portfolio.
Since 2014, Dr. Sigg has also taught courses on analytics, big data technologies and IoT at the Technical University of Darmstadt.

Supervisory Board Chairman Karl-Heinz Streibich notes:
“Dr. Stefan Sigg has significantly shaped and driven the transformation of Software AG’s product portfolio. It is to his credit that the company's products in the areas of IoT & analytics, integration & API, and business transformation receive top ratings also from the perspective of leading market research companies worldwide. With him at the helm of the product business, we believe Software AG is extremely well positioned for the future.”

“I'm thrilled that Dr. Sigg will remain at my side as our company’s Chief Product Officer,” adds Sanjay Brahmawar, Chief Executive Officer of Software AG. “Innovation is at the heart of Software AG. Stefan's leadership in building and scaling our innovation agenda has been a source of our transformation progress. He has known the company for years and guides his world-class team with his inspirational vision to deliver our customers market-leading offerings. We are looking forward to building on all these contributions in 2021 to accelerate growth towards our 2023 ambitions.”

“I would like to thank everyone for the trust they have placed in me and am proud to be able to continue my work with the Management Board and the Supervisory Board,” stated Dr. Sigg. “In particular, I would like to thank my team for their highly successful collaboration so far. I’m excited to be moving forward into a modern digital future with these excellent colleagues.”