Sage Group names new CEO

Tech giant The Sage Group plc has announced the appointment of a new chief executive officer.

Steve Hare, who takes up the role with immediate effect, joined the Sage board in 2014 as chief financial officer.

On August 31 this year, he assumed the additional post of interim chief operating officer when former CEO Stephen Kelly stepped down.

Before joining Sage, Steve was operating partner and co-head of the portfolio support group at private equity house Apax Partners.

He said it is “an honour” to be leading Sage in the role of CEO, adding: “I continue to believe that by putting our customers, our people and innovation at the heart of everything we do, we will succeed in our journey to becoming a great SaaS business.”

Chairman Donald Brydon commented: “I am delighted Steve has agreed to lead Sage on the next stage of its journey.

“He has impressed the board with the momentum, focus and clarity he has brought to the organisation over the last few months as COO but also throughout his tenure as CFO.”

Mr Brydon continued: “As we looked externally for the experience, vision and deep knowledge required to accelerate operational execution it very quickly became clear through Steve’s early decisions and his clear prioritisation that he is the right person to lead Sage.”

Sage’s board confirmed it has already initiated a process to find a new chief financial officer, with Steve overseeing the CFO duties until an appointment is made.

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