SAP CEO: European Tech Leadership, Cloud Innovation, and Performance Culture
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Hi everybody, I'm Nikola Tangen, the CEO of the Norwegian Sovereign Wealth Fund, and today I'm in really good company with Christian Klein, the CEO of the software giant SAP. Now, SAP is now the largest company in Europe, third largest software company in the world. And we own just under 3% of the company, $9 billion equivalent to 100 billion Norwegian kroner or 20,000 kroner per Norwegian. So it's a very big and important position for us. Christian started as a student intern in SAP.
Like 20 years ago he became the CEO. Wow, what a journey, Christian. Yeah, but you see my quay has. First of all, now just to get a feel for the importance of SAP, how much of the world's business touches an SAP system.
Yeah, Nicolai, first of all, thanks for the trust into SAP. And indeed, it was a remarkable journey the last four years. But of course you you feel you know the that you know a lot of the world's transactions are relying on SAP systems. And now especially with the cloud, I mean clients are very serious about, you know, how do we want their most mission critical systems. And to your question, 80% of the world's, you know, B2B transactions run and touching an SAP system.
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