Hobson to step down as Chairman of Sage
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.
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.
Subscribe to 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
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Why now is the right time to invest in biotech
The biotech sector holds huge potential for investors, with strong growth and attractive valuations. Here's the best way to play it.
-
Zoopla: Busiest home buying May since 2021, but property asking prices slide
Buyers return to the market after the end of higher stamp duty thresholds and post-Easter lulls, but average sales are £16,000 below asking price