UK SOFTWARE group, Sage, is on the brink of appointing Guy Berruyer as its new chief executive.
Berruyer is understood to be the favourite to take over from current boss Paul Walker, who is stepping down from the post after 16 years, according to the Financial Times.
Contracts are expected to be signed within days. By stepping into the top spot, Berruyer will have beaten UK head Paul Stobart and chief financial officer Paul Harrison who were also in the running for the role.
Currently chief executive of mainland European operations at Sage, Berruyer has been with the company for more than a decade.
It is unclear where Walker will go once he leaves the company, but he said that he would depart once a replacement is appointed.
He said: “I will look at a chief executive’s or a chairman’s job at a major business, though I may consider advisory roles. A number of things have come across my desk.”
The Newcastle based company has suffered from a slowdown in growth recently, with underlying sales in 2009 falling by four per cent to £1.44bn. Sage was not available for comment last night.