Sage Group Regulatory News (SGE)

The Sage Group plc.

25 March 2019

Non-Executive Directors Changes

The Sage Group plc. ("Sage") is pleased to announce the appointment of Annette Court and Jonathan Bewes to its Board as non-executive directors with effect from 1 April 2019. Upon appointment, Ms Court will become Chair of the Remuneration Committee and a member of the Audit and Risk Committee. Upon appointment, Mr Bewes will become Chair of the Audit and Risk Committee.

Ms Court has been Chairman of Admiral Group since 2017 and a board member since 2012. Between 2007 and 2010 she was CEO of Europe General Insurance for Zurich Financial Services. Ms Court is former CEO of the Direct Line Group (formerly known as RBS Insurance) and has previously served as a member on the Board of the Association of British Insurers (ABI). She was a non-executive director of Foxtons Group plc from August 2013 to May 2017. She currently holds the position of non-executive director of Jardine Lloyd Thompson Group plc and is also its Senior Independent Director.

Mr Bewes qualified as a Chartered Accountant with KPMG and spent 25 years in investment banking, with Robert Fleming, UBS and Bank of America Merrill Lynch. As a senior banker, he has provided advice to the boards of many UK and overseas companies on a wide range of financial, strategic and governance issues. Since April 2017, he has been Vice Chairman, Corporate and Institutional Banking at Standard Chartered Bank. Jonathan is a Fellow of the Institute of Chartered Accountants of England and Wales. He has been a member of the Board of Next plc since October 2016 and chairs its Audit Committee.

Neil Berkett has indicated his desire to retire from his position as a non-executive director of Sage and as Chair of the Audit and Risk Committee and will step down from the Board on 1 April 2019. Mr Berkett joined the Board in 2013. Drummond Hall will continue as Senior Independent Director, whilst handing over his Remuneration Committee role to Annette Court on 1 April 2019.

Sir Donald Brydon, Chairman, said: "I am delighted that Annette and Jonathan are joining the Sage Board. They each bring a wealth of experience across finance and corporate strategy and will bring a new perspective to the Board to help drive the continued development of Sage to becoming a great SaaS company. Neil Berkett has served Sage through a period of extraordinary change and throughout this time has provided valuable insight and guidance to the Board. I wish to thank him for his service. I am also delighted that Drummond Hall remains as SID."

There are no further disclosures required for the purposes of Listing Rule 9.6.13.

Enquiries

The Sage Group plc.

+44(0) 191 294 3457

Lauren Wholley, Investor Relations

Amy Lawson, Media

FTI Consulting 

+44(0) 20 3727 1000

Charles Palmer

Dwight Burden

About Sage

Sage is the global market leader for technology that helps businesses of all sizes manage everything from money to people - whether they're a start-up, scale-up or enterprise. We do this through Sage Business Cloud - the one and only business management solution that customers will ever need, comprising Accounting, Financials, Sage Intacct, Enterprise Management, People & Payroll and Payments & Banking.

ENDS