Sage Group announced that the board of directors and Group CEO Stephen Kelly have come to an agreement and the latter has stepped down. He remains available to the group until he leaves on 31 May 2019. Indeed, it is a surprise and bad news. The positive is that Steve Hare, Group CFO, has been appointed interim Chief Operating Officer and will continue his primary function of CFO. He will have full executive authority to run the business until a new CEO is appointed.
31 Aug 2018
In trouble
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In trouble
Sage Group plc (SGE:LON) | 1,139 -51.3 (-0.4%) | Mkt Cap: 11,445m
- Published:
31 Aug 2018 -
Author:
Hélène Coumes -
Pages:
2
Sage Group announced that the board of directors and Group CEO Stephen Kelly have come to an agreement and the latter has stepped down. He remains available to the group until he leaves on 31 May 2019. Indeed, it is a surprise and bad news. The positive is that Steve Hare, Group CFO, has been appointed interim Chief Operating Officer and will continue his primary function of CFO. He will have full executive authority to run the business until a new CEO is appointed.