PracticePeople In PracticeGreat Plains chief quits: replacement sought

Great Plains chief quits: replacement sought

US-based mid market business solutions provider Great Plains was dealt a blow last week after its UK managing director Neil Robertson resigned, writes Alex Miller.

Robertson who was largely responsible for launching the UK arm of Great Plains software in 1996, has left ‘to pursue other business ventures.’

Great Plains and Robertson said the split was amicable and suggestions that the move was influenced by US directors concerned by Robertson’s management style were unfounded according to both parties.

Robertson said: ‘The organisation is capable of succeeding without me. My time at Great Plains has been enjoyable but I feel there are new business challenges I wish to pursue. E-business is just one such opportunity I may wish to look into.’

Canadian regional director Lorne Borgal has been appointed interim UK managing director until a replacement is found.

Robertson’s decision came as the group announced its financial results for the third quarter ending 29 February 2000.

It reported record third quarter revenues of US dollars 48.1 million US dollars – a 34% increase over the same period last year.

However, net income and diluted earnings per share were $100,000 and 1 cent per share compared to $3.4m dollars and 23 cents per share at the same period last year.

The company explained this result came as a result of acquisitions made over the last 12 months, including web based solution provider PWA group.

Great Plains finance director Lindsey Gill added the group is hitting Wall Street analysts’ expectations and the global business is continuing to grow.

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