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Pin to quick picksSage Group Share News (SGE)

Share Price Information for Sage Group (SGE)

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Share Price: 1,183.00
Bid: 1,181.00
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Change: 22.50 (1.94%)
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Sage taps former Severn Trent Chair Andy Duff to lead own board

Thu, 18th Mar 2021 10:01

(Alliance News) - Sage Group PLC on Thursday appointed Andy Duff to succeed Donald Brydon as chair.

Donald will retire at the end of September, so Duff will join as a non-executive director on May 1, 2021, before becoming chair.

"Andy has a wealth of experience as a non-executive and chair, with a strong track record of transforming high-profile international businesses," Sage said.

He is currently non-executive chair of Elementis PLC and served as chair of Severn Trent PLC from 2010 until 2020. He was previously a non-executive director of Wolseley PLC. From 2003 until 2009, Duff served as chief executive officer of npower, leading its transformation following its demerger from National Power in 2000.

Drummond Hall, Sage's senior independent director, who led the succession process, said: "I am delighted that Andy will be joining the Sage board. Andy is a highly accomplished business leader and a proven non-executive and chair. His strategic insights, international experience and strong focus on purpose, culture and customer centricity equip him well to support Sage's continued success.

"I also want to take this opportunity to thank Donald on behalf of the board for his exemplary leadership and wish him all the very best for the future when he steps down in September this year. We have benefitted enormously from his judgement, intellect and unstinting dedication as Sage has progressed its SaaS transition."

Shares in Sage were 0.1% higher in London on Thursday at 581.81 pence each.

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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