Sage says goodbye to director of strategy

IT GIANT Sage is losing its director of strategy and corporate development.

David Clayton steps down from the FTSE 100 company having spent 11 years with it. He joined in 2004 as non-executive director taking on the director role in October 2007.

Guy Berruyer, CEO Sage (pictured), said: "David has made a great contribution to Sage over the past seven years and we are very grateful for his counsel over this period. He leaves with our thanks and best wishes for the future.

"Our strategy is in place and our executive committee will continue to drive the initiatives, many of which David has helped shape."

Clayton will leave the role at the next annual general meeting scheduled for February next year.

A spokesman for Sage said internal discussions were taking place to decide whether a successor will be appointed.

Prior to Sage Clayton was managing director and head of European technology research at financial services business Credit Suisse First Boston

"I feel it is the right time to step down from the board and begin to think about the next chapter in my career. I will work with my executive colleagues to ensure a smooth transition and I wish everybody at Sage every success in the future," said Clayton.