The Waldorf-based technology group has presented its compensation report for 2022. This includes, among other things, how much board members earned last year.
The highest earner among the seven-member board of directors is CEO Christian Klein. He was followed by outgoing Chief Financial Officer Luka Musić.
Sabine Benedick, director of human resources, is the lowest earner.
In the SAP technology group, one person in particular has been really happy these past few days: Luka Mucic. The CFO has received a total of 12.8 million euros in the past few months.
Of this amount, about 3.25 million were in compensation for his regular salary for 2022. In addition, there was another 9.6 million euros in severance pay. The 51-year-old will leave Walldorf at the end of March. Two years before his contract actually expired. “Agreed,” you say solemnly.
1. Christian Klein, CEO (4.67 million euros)
But the rest of the board members also made a decent amount of money recently, as evidenced by the bonus report for 2022. The 42-year-old CEO Christian Klein, who was able to make €4.67m, earned the most. His career in SAP started in 1999. He started as a student, and worked his way up. In 2018 he became a member of the board of directors, and since 2019 has led the company along with Jennifer Morgan as co-CEOs. In 2020 he held the position alone.
2- Luka Music, Chief Financial Officer (3.25 million euros)
Followed by Luka Music in second place with 3.25 million euros. It is a true domestic product from SAP. He started his corporate career in 1996 in the legal department, having previously studied law. Mucic worked his way up at SAP, becoming International Chief Financial Officer in 2013 and finally Chief Financial Officer (CFO) and a member of the Board of Directors in 2014. But that year is over.
3- Jürgen Müller, Chief Technology Officer (3.21 million euros)
Music was hot on his heels last year, Jurgen Müller. The chief technology officer (CTO) is responsible for all platform and technology development in the billion-dollar company – and has received €3.21 million for his services.
4- Sales Director Scott Russell (2.282 million euros).
Scott Russell is fourth. He has been with the Walldorfer Group since 2010 and has been a member of the Board of Directors since 2021. There he is responsible for sales, service and customer and partner relations. His salary: 2.282 million euros.
5- Julia White, Head of Marketing (2.28 million euros)
Julia White follows with a margin of a few thousand euros. You get 2.28 million euros. In addition to marketing, she is responsible for corporate communications and government affairs. The director has been with SAP since 2021. She previously worked at tech giant Microsoft, most recently as corporate vice president of marketing at cloud services provider Microsoft Azure.
6. Thomas Saueressig, lead developer (€1.73m)
Thomas Saueressig has been working with SAP since 2004. In 2019 he was promoted to the Board of Directors, where he is responsible for product development. Prior to that, he worked as an IT manager in a technology company. In 2016, he was nominated to Fortune magazine’s “40 Under 40” list. At SAP he received 1.73 million euros for the year 2022.
7. Sabine Benedik, Human Resources Director (€1.41 million)
HR chief Sabine Benedik has the lowest earnings among the board members. She received 1.4 million euros for her work. She has been working with SAP since 2021 and is also a member of the company’s board of directors. Previously worked at Microsoft. Recently, she was the head of a technology company in Germany.
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