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
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.’
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016