27th Apr 2007 07:00
Release Embargoed until 7am, Friday, 27 April 2007The Sage Group plcFriday 27th April 2007 BOARD CHANGES
The Sage Group plc ("Sage") announces that Sir Julian Horn-Smith has resigned as non-executive Chairman and as a Director of Sage. Tony Hobson, a non-executive Director, will become Acting Chairman with immediate effect. The Board will initiate a process to appoint a new Chairman as soon as possible.
Commenting on his resignation, Sir Julian Horn-Smith said:
"Sage is a truly outstanding company and it is with great regret that I have decided to leave. After careful consideration the Board agreed that the differences in styles and culture meant that change was necessary. I felt that the best solution was for me to stand down as Chairman. I wish the Company every success in the future".
Tony Hobson, Acting Chairman said:
"We would like to thank Sir Julian for the contribution he has made to Sage during his time on the Board and as Chairman and wish him well for the future".
Enquiries: The Sage Group plc
Andrew Grant/Julie Foster, Tulchan CommunicationsTel: + 44 (0) 20 7353 4200For Sir Julian Horn-SmithTim BrownTel: + 44 (0) 7880 747474Notes to editors:
The Sage Group plc is a leading global supplier of business management software solutions and related products and services, principally for small to medium-sized enterprises. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and now employs over 13,000 people worldwide.
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