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Sage CEO Kelly Quits Job

 Steve Kelly,  Sage The Steve Kelly era at Sage has ended. The CEO this week resigned as director and CEO of the Sage Group, but will not leave the company until May 31, the company said. CFO Stephen Hare, who has become interim COO, will run the company until a replacement can be replaced.

 

With his resignation coming one month before the company closes its fiscal year on September, the change will leave many speculating. Earlier this year, the company hosted a surprise second quarter trading update to report it had missed revenue guide. During the third quarter update, Sage said revenue was up 6.8 percent over last year’scorresponding period, putting the level up 6.5 percent for the nine months. About 30 executives paid the price for the miss, including leaders in the Sage Enterprise (X-3) effort.

Kelly joined Sage in November 2014 after holding the job of COO of the government of the United Kingdom from September 2012 until taking the Sage job. A high-energy person, Kelly brought lots of changes to the software company including last year’s purchase of Intacct to provide a mid-market cloud entry. In 2017, it also picked up Fairsail, whose product became Sage People.

The company has struggled to hang onto top talent, with keeping leaders of it home country a problem. It hired high-profile executive, Jaqueline de Rojas as managing director of Sage U.K., Ireland and Northern Europe, in July 2016 but she stayed only nine months.  That job was filled in June 2016 by Alan Laing, who led the alliance and partnerships programs, globally. But Laing left Sage in June and the company replaced him on an interim basis with Lee Perkins, who held the job before de Rojas. 

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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