27th Mar 2025 09:50
(Alliance News) - Sage Group PLC on Thursday announced that Chief Financial Officer Jonathan Howell will step down at the end of 2025, with Group Financial Controller Jacqui Cartin named as his successor.
Howell, who has spent 12 years with the Newcastle-upon-Tyne, England-based accounting software maker – including seven as CFO and five as a non-executive director – will leave the board on December 31 to focus on "non-executive work".
Cartin, who will take over as CFO from January 1, 2026, joined Sage in 2018 from KPMG LPP and currently oversees financial reporting, capital management, treasury, and tax. Sage said she has also been closely involved in the company's M&A integration and digital finance transformation initiatives.
Chair Andrew Duff said: "Sage in such a strong financial and strategic position and I want to thank [Jonathan] and wish him all the very best. Jacqui is an outstanding successor with a deep knowledge of Sage and the drivers of its performance, and she has been a key leader of our transformation. This will ensure continuity and momentum as we continue to grow and scale the business."
Chief Executive Officer Steve Hare praised Howell's contribution and said Cartin's experience would ensure "continuity and momentum" in Sage’s growth journey.
Also on Thursday, Personal Group Holdings PLC, a Milton Keynes-based employee benefits and services provider, announced it has renewed and expanded its partnership with Sage for at least three more years. Under the new agreement, Sage Employee Benefits - a digital benefits platform developed in collaboration with Personal Group - will be integrated across more of Sage's product portfolio.
The expanded deal is expected to more than double the number of referrals from Sage customers. The current offering already reaches over 62,000 paying employees, with further enhancements planned in 2025, including a premium version to attract larger small and mid-sized businesses.
Shares in Sage down 1.1% at 1,196.50 pence in London on Thursday morning, while the wider FTSE100 index was down 0.7%. Shares in Personal Group were up 3.3% at 248.00 pence.
By Eva Castanedo, Alliance News reporter
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