Sage reshuffles execs as profits rise 20 per cent

Steve Dinneen
Follow Steve
SAGE marked expectation-beating results yesterday with a top-level reshuffle. New chief executive Guy Berruyer, who recently took over from long-standing boss Paul Walker, announced he will promote the two rivals he beat in the leadership race.

Paul Stobart, head of the UK and Ireland, will take responsibility for the whole of Northern Europe and Paul Harrison, chief financial officer, will also take responsibility for M&A.

Head of Sage France Pascal Houillon will replace the retiring Sue Swenson as North America chief.

Sage reported pre-tax profit up 20 per cent to £319.9m on revenue flat at £1.44bn.

Organic revenue grew by three per cent in the second half, with software revenue up two per cent, marking the first return to growth since the second half of 2007.