9th Sep 2009 07:00
9 September 2009
Micro Focus International plc
Board Change
Micro Focus International plc ("Micro Focus" or "the Group", LSE: MCRO.L), the Enterprise Application Modernisation and Testing software company, announces that Stephen Kelly has informed the Board that he wishes to step down as Chief Executive Officer for personal reasons. A search for a successor will commence immediately. Mr Kelly will work with the Board and the broader management team to ensure a smooth and well managed transition of his responsibilities.
Trading across the Group remains in line with the comments made in the first quarter IMS on 12 August. As previously indicated Micro Focus will be hosting an analyst and investor presentation on 28 September focusing on Micro Focus' market as well as providing an overview of the business.
Micro Focus Chairman, Kevin Loosemore, said "On behalf of the Board I would like to thank Stephen for his significant contribution to the business during his tenure and wish him well in his future. Under Stephen's leadership, Micro Focus has achieved the ambitious plans set back in 2006, and is poised for the next stage of growth. We have built a strong management team that has the full support of the Board. We remain focussed on continuing to drive shareholder value."
Stephen Kelly said "I have been privileged and fortunate to have served Micro Focus for over three years. The timing and nature of these personal decisions is never easy - it will be sad for me to leave the company. I will be supporting a managed transition and then take time to assess the next steps for me and my family. I have been very proud to be a part of the Micro Focus Board and management team and I am confident Micro Focus will continue to prosper."
Enquiries:
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Micro Focus |
Tel: +44 (0)1635 32646 |
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Kevin Loosemore, Chairman |
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Nick Bray, Chief Financial Officer |
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Tim Brill, Head of Corporate Communications & IR |
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Financial Dynamics |
Tel: +44 (0)20 7831 3113 |
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Charles Palmer |
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Haya Herbert-Burns |
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Notes to editors:
About Micro Focus
Micro Focus, a member of the FTSE 250, provides innovative software that allows companies to dramatically improve the business value of their enterprise applications. Micro Focus Enterprise Application Modernization, Management and Testing software enables customers' business applications to respond rapidly to market changes and embrace modern architectures with reduced cost and risk. For additional information please visit www.microfocus.com.
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