January 24, 2018 / 4:54 PM / a year ago

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

FILE PHOTO: Karl-Heinz Streibich, CEO of German business software company Software AG is seen during an interview with Reuters in Tel Aviv April 5, 2011. REUTERS/Nir Elias

FRANKFURT (Reuters) - The chief executive of Software AG (SOWGn.DE) 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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