The Board of The Sage Group plc (”Sage”) today announces a
change to its executive team. Paul Stobart, currently CEO of Sage
Northern Europe, has announced his intention to leave the Group.
Paul will leave and cease to be a Director of Sage on 31 May 2011.
Álvaro Ramírez, currently CEO of Sage Southern Europe will assume
responsibility for all of Sage’s European operations with immediate
effect, reporting to Guy Berruyer, Sage’s Group CEO.
Tony Hobson, Sage’s Chairman, commented; “Paul has played a very
significant role in the growth, development and success of Sage
since joining the Group in 1996 as Business Development Director.
On behalf of Paul’s colleagues both in the UK and across the Group,
I would like to express our great thanks to him for all that he has
contributed to Sage and wish him every success in the future.
A great strength of Sage is the depth of talent in our global
leadership population. Alvaro joined Sage in 2003 having seen Grupo
SP, the business he founded, bought by Sage. Subsequently he has
grown Sage’s Spanish business over 300%, both organically and by
acquisition, and he has been at the forefront of Sage’s strategy of
increasing subscription revenues by selling premium support
contracts. The Board is pleased to appoint him to this new and
important role, in which we know his entrepreneurial and management
skills will make a major contribution to the success of the
Paul said “I have had fifteen wonderful years at Sage and have
enjoyed playing my part in helping to build the business to the
success it is today. I wish the Board and in particular Guy and his
leadership team every success for the future. I’m very much looking
forward to fresh challenges now that I have played my part in
assisting Guy and the team in the recent transition.”
The Sage Group plc will report its results for the 6 months
ended 31 March 2011 to the market on 4 May. These results will be
reported under the new regional structure noted below.
About The Sage Group plc
Sage is a leading global supplier of business management
software and related products and services, principally for small
to medium-sized enterprises. Formed in 1981, Sage was floated on
the London Stock Exchange in 1989. Sage has 6.3 million customers
and 13,400 employees worldwide. We operate in over 24 countries
covering the UK, Europe, North America, South Africa, Australia,
India and China. For further information please visit www.sage.com.
Following the organisational change presented in this
announcement, Sage’s business will be organised into three regions;
Europe, North America and AAMEA (Asia, Australia, Middle East and
Africa). Results for the year ended 30 September 2010, and the half
year to 31 March 2010, have been stated on this basis, and can be
viewed on www.sage.com.
The Sage Group plc +44 (0)191 294 3068
Andrew Griffith, Investor Relations
Tulchan Communications +44 (0)20 7353 4200
David Shriver or Lucy Legh