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Sage Group Plc

Sage Group plc Appoint new Group Chief Financial Officer

Sage Group plc (LON:SGE) announced today the appointment of Jonathan Howell to the role of Chief Financial Officer (CFO) with effect from 10 December 2018.

Jonathan brings significant experience as a public company CFO, having most recently been Group Finance Director of Close Brothers Group plc for ten years, and prior to this, CFO of the London Stock Exchange Group plc. In addition, he has been a non-executive director and Chairman of the Audit and Risk Committee at Sage since 2013.

Steve Hare, Chief Executive Officer, said: “I am delighted that Jonathan has agreed to become CFO. He brings both considerable experience as a public company CFO as well as a strong understanding of the business. This, combined with our shared belief in the vision to become a great SaaS business for customers and colleagues alike makes him a great addition to the executive team.”

Jonathan Howell said: “I am excited to be joining Sage as CFO at this time in the group’s continued transition to a SaaS business and I look forward to supporting the team as we sharpen the focus on customers, colleagues and innovation.”

Jonathan has stepped down as Chairman of the Audit and Risk Committee and will cease to be a non-executive director on commencement of his executive role. The Board has initiated a process to appoint a new independent non-executive director and Chairman of the Audit and Risk Committee. Until such appointment is made, Neil Berkett will assume the role of Chairman of the Audit and Risk Committee. Neil has served as an independent non-executive director of Sage since 2013 and is an existing member of the Audit and Risk Committee.