Sage named Guy Berruyer, the head of its mainland Europe and Asia operations, as its new chief executive yesterday, disappointing some who had hoped for more radical change at the accountancy software group.
Mr Berruyer, 59, joined Sage in France in 1997 and was responsible for the global launch earlier this year of Sage's well-received X3 software for its core customer base of small and medium-sized businesses.
He will take over on 1 October from Paul Walker, who said in April he wanted to step down after 16 years as CEO and 26 years with the company. Mr Walker will remain with Sage until 1 December.
Shares in Sage, Britain's biggest software firm, with 2009 sales of £1.5bn, slipped 2 per cent to 236.3p. Some analysts felt Sage – seen as highly dependable but somewhat dull – might have profited by appointing an outsider to inject new life into the organisation.