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Sebastian Steinhaeuser to Join the SAP Executive Board – Executive Board Member Thomas Saueressig’s Contract Extended

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2 years ago

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New Extended Board, including Chief Technology Officer (CTO) and Chief Revenue Officers (CROs), will further enhance efficiency and accelerate transformation. 

WALLDORF, Germany, Jan. 28, 2025 /PRNewswire/ — SAP SE (NYSE: SAP) today announced that Sebastian Steinhaeuser (39) has been appointed to join the SAP Executive Board. He will lead a newly formed board area called Strategy & Operations, continuing to support the execution of SAP’s strategy and driving simplification in operations. The SAP Supervisory Board also extended the contract of Executive Board Member Thomas Saueressig, head of Customer Services & Delivery, for another three years until 2028.

SAP also announced that it is forming an Extended Board* comprised of senior leaders from across the company, including the newly appointed CTO, Co-CROs and Chief Marketing Officer (CMO). The new SAP Extended Board will act as a strategic advisory body, driving execution of the company’s AI-first, Suite-first strategy. It will leverage global leadership to align with key initiatives and ensure smooth execution across the organization, while the SAP Executive Board remains the ultimate managing body of SAP SE.

New Board Area to Drive Strategy Execution and Simplification

The new Strategy & Operations board area will ensure that SAP continues successfully executing on its transformation journey by driving the company’s strategy internally and externally, as well as by simplifying internal operations. Bringing Strategy & Operations together with Global Marketing – led by newly-appointed CMO Ada Agrait – will also promote closer collaboration to deliver customers and partners an enhanced digital experience.

“Since joining in 2020, Sebastian Steinhaeuser has been crucial in shaping and implementing SAP’s corporate strategy. We believe that Sebastian is not just a leader, but the architect of a future where innovation meets impact. On behalf of the SAP Supervisory Board, I wish Sebastian a very successful start in his new role,” said Pekka Ala-Pietilä, chairman of the Supervisory Board of SAP SE. “Moreover, we are excited to extend our best wishes to Thomas Saueressig for his forthcoming term on the SAP Executive Board. His contributions have been instrumental in accelerating our customers’ journey to the cloud, and we look forward to his continued success.”

After joining SAP in 2020, Steinhaeuser held various positions, including the role of Chief Strategy Officer, where he also ran the growth areas Business Transformation Management, Business Network and Sustainability. In 2024, Steinhaeuser’s role expanded to Chief Strategy & Operating Officer, including oversight of business operations, processes and IT, as well as ecosystem and commercial functions. Prior to joining SAP, Steinhaeuser worked with the Boston Consulting Group, where he supported companies in their corporate and digital transformation journeys.

Further Organizational Updates to Build on SAP’s Successful Foundation

SAP is also announcing a new CTO and new CROs. Philipp Herzig will take on the role of SAP’s global CTO, in addition to his current position as Chief AI Officer. In this role, he will oversee SAP’s technology strategy, innovation, research and corporate development, driving the ongoing success of SAP’s Business AI and Sustainability units while continuing to advance innovation for SAP customers and partners.

Jan Gilg and Emmanuel (Manos) Raptopoulos will co-lead SAP’s Customer Success organization as SAP’s new CROs. Gilg, currently president and chief product officer for Cloud ERP, will oversee SAP Americas and the Global SAP Business Suite. Raptopoulos, the current regional president of SAP EMEA, will manage the SAP EMEA, MEE and APAC regions. Elevating leadership that combines a strong product background with great sales experience will help SAP engage more deeply with customers to translate their challenges into solutions that ensure sustained success. Herzig, Gilg and Raptopoulos will report into SAP CEO Christian Klein and serve on SAP’s Extended Board.

All changes are effective February 1, 2025.

* Members of the Extended Board:  
Ada Agrait (Chief Marketing Officer), Michael Ameling (General Manager, BTP), Sebastian Behrendt (Head of Global Finance), Jan Gilg (Chief Revenue Officer, Americas & SAP Business Suite), Philipp Herzig (Chief Technology Officer), Thomas Pfiester (Head of Global Customer Engagement), Emmanuel Raptopoulos (Chief Revenue Officer, APAC/EMEA/MEE), General Manager Business Suite (TBA), Monika Schaller (Chief Communications Officer)

Visit the SAP News Center. Follow SAP at @SAPNews.

About SAP
As a global leader in enterprise applications and business AI, SAP (NYSE:SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit www.sap.com.

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP’s 2023 Annual Report on Form 20-F.

© 2025 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.

For customers interested in learning more about SAP products:
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United States Only: 1 (800) 872-1SAP (1-800-872-1727)

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SOURCE SAP SE

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MiniTool ShadowMaker 5.0 Introduces Cloud Sync for Google Drive and OneDrive

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28 minutes ago

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October 23, 2026

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VANCOUVER, BC, Oct. 22, 2026 /PRNewswire/ — MiniTool® Software Limited has announced the release of MiniTool ShadowMaker 5.0, the latest version of its Windows backup and file sync software. The update introduces a new Cloud Sync feature for Google Drive and OneDrive, along with enhancements to the registration and purchase experience, interface refinements, and compatibility fixes.

New Features and Improvements in MiniTool ShadowMaker 5.0

1. Cloud Sync to Google Drive and OneDrive

MiniTool ShadowMaker 5.0 introduces Cloud Sync, allowing users to synchronize files and folders from a Windows computer to Google Drive or OneDrive. Users can choose the files and folders they want to sync and select their preferred cloud storage service as the destination.

The new feature supports one-way synchronization from a local Windows PC to cloud storage, providing an additional way to save copies of important files outside of your computer. Together with MiniTool ShadowMaker’s existing local file sync function, Cloud Sync expands the available destinations for file sync.

2. Streamlined License & Plan Management

The latest update introduces an enhanced register interface that remains easily accessible even after activation. Registered users can now effortlessly review their current plan, explore upgrade options, or update their license key anytime for a smoother user experience.

These refinements are intended to improve usability when users manage their software registration and licensing.

3. Interface Refinements and Compatibility Fixes

MiniTool ShadowMaker 5.0 includes interface improvements and fixes for certain display issues. One notable fix addresses a blurry display issue that could occur on some systems equipped with AMD GPUs.

These changes focus on resolving specific issues and improving the user experience on affected systems.

4. Additional Improvements

Beyond Cloud Sync and the changes outlined above, MiniTool ShadowMaker 5.0 includes additional interface and functionality refinements. Together, these updates further improve the software’s usability while expanding its file synchronization options.

With support for Google Drive and OneDrive, MiniTool ShadowMaker 5.0 provides Windows users with another approach to manage file copies across local and cloud storage. Users who want to synchronize files to cloud storage can download the Free Edition and explore the new capabilities.

About MiniTool ShadowMaker

MiniTool ShadowMaker is a Windows backup and file sync solution designed to help users protect their operating systems and important data. It supports backing up Windows systems, disks, partitions, files, and folders to local drives, external hard drives, shared folders, and other supported locations. Users can select specific items to back up according to their needs.

For users who need to migrate data to another drive, MiniTool ShadowMaker offers a disk cloning feature. The software also supports restoring backed-up data and creating bootable media for system recovery.

By combining backup, file synchronization, disk cloning, and restore capabilities, MiniTool ShadowMaker offers Windows users a set of tools for data protection and system recovery.

About MiniTool® Software Limited

MiniTool Software Limited is a professional software company that develops computer applications. It provides software for partition management, data recovery, data backup and sync, video editing, multimedia conversion, and screen recording for home and business users. The company is committed to developing innovative, reliable, and easy-to-use software that simplifies everyday digital tasks.

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SOURCE MiniTool® Software Limited

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Rocket Companies to Announce Third Quarter 2026 Results on October 29, 2026

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1 hour ago

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October 22, 2026

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DETROIT, Oct. 22, 2026 /PRNewswire/ — Rocket Companies, Inc. (NYSE: RKT) (“Rocket Companies” or “the Company”), the Detroit-based homeownership platform, today announced that the Company will issue its third quarter 2026 earnings on October 29, 2026. Leadership will host a conference call to discuss results at 4:30 p.m. ET on that date. A press release detailing the Company’s results will be issued prior to the call.

A live webcast of the event will be available on the “Events & Presentations” section of the Company’s Investor Relations website at ir.rocketcompanies.com. A replay of the webcast will be available on the Investor Relations website following the event.

About Rocket Companies

Founded in 1985, Rocket Companies (NYSE: RKT) is a Detroit-based homeownership platform including mortgage, real estate and personal finance businesses: Rocket Mortgage, Redfin, Rocket Close, Rocket Money and Rocket Loans.

With insights from more than 160 million calls with clients each year, more than 30 petabytes of data and a mission to Help Everyone Home, Rocket Companies is well positioned to be the destination for AI-fueled homeownership.

For more information, please visit the Company’s Corporate website or Investor Relations website.

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SOURCE Rocket Companies, Inc.

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Lunai Bioworks Announces Receipt of Nasdaq Determination and Intention to Voluntarily Delist and Deregister

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1 hour ago

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October 22, 2026

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SACRAMENTO, Calif., Oct. 22, 2026 /PRNewswire/ — Lunai Bioworks Inc. (Nasdaq: LNAI) (the “Company”) announced that on October 21, 2026, it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company no longer complies with Nasdaq Listing Rule 5550(b)(1), which requires minimum stockholders’ equity of $2,500,000. The Company reported a stockholders’ deficit of $(9,024,946) in its Annual Report on Form 10-K for the fiscal year ended June 30, 2026, and does not meet the alternative market value of listed securities or net income standards. Because the Company is subject to a mandatory Hearings Panel Monitor under Nasdaq Listing Rule 5815(d)(4)(B), Nasdaq staff determined to delist the Company’s securities. Trading in the Company’s common stock on Nasdaq is expected to be suspended at the opening of business on October 30, 2026.

The Company will not request a hearing. Rather than contest the staff determination, the Company’s Board of Directors approved on October 22, 2026 the voluntary withdrawal of the Company’s common stock from listing on Nasdaq under Rule 12d2-2(c) under the Securities Exchange Act of 1934, as amended. The Board took this action because of the staff determination and the Company’s financial condition, and concluded that the cost of continued listing and SEC reporting is not justified.

The Company notified Nasdaq of its intention on October 22, 2026. The Company intends to file a Form 25 with the Securities and Exchange Commission (the “SEC”) on or about November 2, 2026, and expects the delisting to become effective on or about November 12, 2026. The Company then intends to file a Form 15 to suspend its SEC reporting obligations, to the extent it is eligible to do so. The Company’s SEC reporting obligations will continue unless and until they are terminated or suspended in accordance with the SEC’s rules.

The Company does not intend to arrange for quotation of its common stock on any over-the-counter market and cannot assure that any trading market for its common stock will exist after trading on Nasdaq is suspended.

Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding the expected suspension of trading, the expected timing of the Form 25 and Form 15 filings, and the expected timing of delisting and deregistration. Actual results may differ materially due to risks and uncertainties, including Nasdaq and SEC procedures and the Company’s financial condition. The Company undertakes no obligation to update these statements, except as required by law.

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SOURCE Lunai Bioworks Inc.

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