BusinessCompany NewsSage chairman resigns

Sage chairman resigns

Julian Horn-Smith to stand down from accounting software group after clash with board

The chairman of FTSE 100
business software group
Sage, Julian Horn-Smith, resigned suddenly
from the company this morning, citing differences in leadership style with the
Sage
board.

Horn-Smith had only being in the position for 8 months. 

In a statement to the stock exchange Sage said that Horn-Smith had resigned
with immediate effect, and would be replaced by non-executive director
Tony Hobson .

Hobson will fill the role until a new chairman is appointed.

Despite the surprise announcement Sage’s share price was virtually unchanged
and traded at around 263p this morning (Friday).

In a statement Horn-Smith said: ‘Sage is a truly outstanding company and it
is with great regret that I have decided to leave.

‘After careful consideration the board agreed that the differences in styles
and culture meant that change was necessary. I felt that the best solution was
for me to stand down as chairman. I wish the company every success in the
future’.

Hobson said Sage wished Horn-Smith well for the future and thanked him for
his contribution to the company.

Further reading:

Read
the full statement

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor