Sage axes US CFO

A US boardroom clearout by Sage has claimed the scalps of CFO Jim Eckstaedt
and CEO Ron Verni.

The software giant took the decision after
the US arm only recorded 4% organic revenue growth this year.

Sage said: ‘Following a review of its North American business, the Board has
concluded that a change in leadership is required to realise the full potential
of this
business. With immediate effect, Ron Verni, CEO North America and Jim Eckstaedt,
chief financial officer, North America have left the business.’

Andrew Griffith, group director of Treasury and Mergers & Acquisitions,
formerly group FC, will be acting CFO at the US arm Sage said.

Sage added: ‘The process to recruit a new regional chief executive officer
and regional chief financial officer is underway.’

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