Sage 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

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource