January 24, 2018 / 4:32 PM / 3 months ago

Software AG CEO, 65, to step down on July 31, successor undecided - spokesman

FRANKFURT, Jan 24 (Reuters) - The chief executive of Software AG will step down when his contract ends on July 31 for age reasons, and a decision on a successor has not yet been made, a spokesman said on Wednesday.

Karl-Heinz Streibich, 65, has been in office since 2003.

Handelsblatt first reported the retirement.

The Darmstadt, Germany-based company is scheduled to release its 2017 earnings on Thursday. (Reporting by Hans Seidenstuecker; Writing by Tom Sims, editing by David Evans)

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