Aareal Bank AG's Supervisory Board has appointed Hartmut Thomsen as Dr Alflen's successor, effective 1 April 2022. Mr. Thomsen will join Aareon from SAP. Hartmut Thomsen has been working for SAP for more than ten years.

Since June 2018, he has held the position of President, Middle and Eastern Europe, with responsibility for sales and client activities in more than 30 countries. Previous positions included Managing Director of SAP Deutschland SE & Co. KG, a role he performed for several years, as well as Chief Operating Officer; he was also responsible for establishing SAP cloud services in Central and Eastern Europe.

As an expert for digital transformation, technologies, and for the market launch of products and services, he has made a significant contribution to SAP's sales performance.