#GuptaLeaks: SAP to appoint interim CEO following Africa execs' suspension

14 July 2017

Mergers, Acquisitions and Financial Results

SAP has refused to explicitly name the executive team that was suspended, following allegations that the South African subsidiary of the German-based software giant paid a Gupta front R100 million in "kickbacks" for it to access lucrative state contracts.

Following these reports, SAP initiated an independent investigation at its subsidiary and placed the current SAP SA management team on administrative leave pending the findings of the review.

In a press confrence this afternoon, executive board member Adaire Fox-Martin said the company cannot publically name the employees until the investigation is completed. She also refused to name the company that will conduct the independent investigation.

Fox-Martin said the interim MD/CEO position has been created since the suspensions and the appointment will be announced tomorrow.

The executive team who has been running SAP Africa are MD Brett Parker, COO Mehmood Khan, SA MD Lawrence Kandaswami, and CFO Deena Pillay.

The management team was led by Brett Parker, managing director, SAP Africa, who has held the position since 2015. He is also a member of the SAP Africa board of directors.

According to his LinkedIn profile, Parker started his career at Sybase SA as an account executive, later progressing to eventually become the sales director. In 1999, he joined Microsoft SA.

He made the headlines in 2009 when he was also suspended at information security company SecureData for undisclosed reasons.

Read the full story on ITWeb here.