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December 6, 2010

Sage reshuffles European management team

New UK CEO on board; Stobart shifts to Northern Europe boss

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UK software house Sage has restructured its management team, appointing a new UK boss and shifting Paul Stobart to Northern Europe CEO.

Brendan Flattery, currently MD Sage’s Small Business Division will take over as UK CEO. He has been with the company since 2003 and has previously held MD roles in the Accounts and Mid Market divisions.

Stobart’s new role at Sage Northern Europe will mean he oversees the UK, Ireland, Germany, Austria, Switzerland and Poland. Stobart joined the firm in 1996 and became CEO of the UK and Ireland Region for the Sage Group in 2003.

"Brendan’s appointment as UK CEO represents a new generation of leadership for the UK business and I look forward to supporting him in this exciting new chapter for Sage UK," said Stobart.

Both roles will kick in on January 1st, 2011.

The Newcastle-based firm also recently announced its latest financial figures, recording 14% rise in yearly profit to £355.7m. For the year to September 30 revenue remained flat at £1.4bn.

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"These are good results which demonstrate our financial and operational strengths. I am particularly pleased that we have seen a return to organic revenue growth in the second half of the financial year," said Guy Berruyer, Sage Group CEO. "While the economic outlook remains uncertain, we are seeing some signs of improving markets for our customers, although this varies by geography. Together, these factors have contributed to the revenue momentum we have seen in the second half of the year."

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