SAGE has begun the search for a new chief executive after present incumbent Guy Berruyer signalled his intention to retire.
He will step down from his post by 31 March 2015.
Berruyer (pictured) spent four years at the helm of the accounting software company. During his tenure, growth was driven by the introduction of real-time PAYE reporting and a move the Cloud-based products.
He said: "Being CEO of Sage is a role I have relished, leading a group of people I am very proud of. I am extremely pleased with all we have achieved since I joined the company 17 years ago and I'm satisfied that Sage is well positioned for an exciting future.
But life is about making choices, and at 63 years old I still have many things I want to achieve besides my executive career. As Sage progresses successfully towards our strategic milestones for 2015, I have decided that the time is right to begin to hand over the reins to a new chief executive."
The financial arrangements, which will adhere to the rules of all relevant incentive schemes and be within the remuneration policy, will be reported when Berruyer steps down.
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