SAP CEO Klein Reorganizes Board to Focus on Developing AI (1)

SAP SE Chief Executive Officer Christian Klein announced a plan to shake up its executive board to focus on artificial intelligence as Europe’s most valuable software company faces increasing pressure from the technology.

Klein will transfer his oversight of the sales department to Thomas Saueressig, a board member who currently in charge of after-sales matters and helping clients deploy SAP’s software, according to a companywide email Klein sent on Monday that Bloomberg reviewed. From April 1, Saueressig will be Chief Customer Officer.

SAP’s pivot comes as investors flee software-as-a-service companies, fearing disruption by AI. Shares of enterprise software firms ...