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Short Take: SAP founder resigns

Hans-Werner Hector, one of the four founders of German business applications giant SAP has resigned from the company's supervisory board in what appears to be the latest and possibly the last chapter of a protracted dispute with SAP Chairman Dietmar Hopp, the company confirmed today. Hopp had first called for Hector's resignation earlier this year after Hector removed his shares in the company from a joint-voting pool with SAP's other founders and transferred them to offshore trusts. Hector remains a major SAP shareholder, controlling 4.3 percent of the company's stock.

Hans-Werner Hector, one of the four founders of German business applications giant SAP has resigned from the company's supervisory board in what appears to be the latest and possibly the last chapter of a protracted dispute with SAP Chairman Dietmar Hopp, the company confirmed today. Hopp had first called for Hector's resignation earlier this year after Hector removed his shares in the company from a joint-voting pool with SAP's other founders and transferred them to offshore trusts. Hector remains a major SAP shareholder, controlling 4.3 percent of the company's stock.