Tony Hobson is to step down as Chairman of accountancy software behemoth Sage at the beginning of September, to be succeeded by Donald Brydon, currently Chairman of medical devices maker Smiths Group.
Brydon, who is also Chairman of the Royal Mail Group, will join the board of Sage as a non-executive director on July 6th. Prior to that he will give up his seats on the boards of AXA Investment Managers SA and AXA Rosenberg LLP.
"Having recently overseen the transition to Guy Berruyer as Chief Executive, it is an appropriate time for me to pass the Chairmanship on," Hobson said.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
JH
-
What is the 7 year inheritance tax rule and how does it help cut your bill?Speculation is rife chancellor Rachel Reeves has plans to target inheritance tax once again in her upcoming Budget. But the 7 year inheritance tax rule can save you thousands - here’s how it works.
-
HMRC confirms crypto ETN ISA rulesWith crypto ETNs now technically available for UK retail investors, HMRC has confirmed they can be held in an ISA – but there’s a complication
