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SAP hires Airbus executive as new finance chief

PARIS (Reuters) -Airbus finance chief Dominik Asam will leave the company to take on the same role for German software group SAP from March 2023, the companies said on Wednesday....
SAP hires Airbus executive as new finance chief © Reuters. FILE PHOTO: Chief Financial Officer of Airbus Dominik Asam attends Airbus's annual press conference on Full-Year 2019 results in Blagnac near Toulouse, France, February 13, 2020. REUTERS/Regis Duvignau

PARIS (Reuters) -Airbus finance chief Dominik Asam will leave the company to take on the same role for German software group SAP from March 2023, the companies said on Wednesday.

Asam, 53, joined Airbus in 2019 after having worked at German chip maker Infineon (OTC:IFNNY) as finance chief since 2011.

"I hope to stay in close touch with Airbus after transitioning to my new role at SAP to further deepen what is already a strong relationship between the two companies," Asam was quoted as saying in an Airbus statement.

Airbus said it was working on a replacement.

German business software maker SAP had said in March that its finance chief Luka Mucic, who has been with the company for more than 25 years, would leave at the end of March 2023.

"Dominik Asam is a well-rounded and experienced leader in global finance and technology, and with that the right person to continue powering SAP's successful cloud transformation," SAP supervisory board chair Hasso Plattner said in a statement.

In July, SAP trimmed its 2022 outlook to between 7.6 billion and 7.9 billion euros ($7.90 billion), from a range of 7.8 billion to 8.25 billion euros in July, citing charges related to the war in Ukraine.

($1 = 0.9999 euros)

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

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1.0658

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1.2475

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157.91

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0.6469

-0.0003 (-0.05%)

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1.3780

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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