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Sage starts hunt for CEO as Walker steps down

Sage has started the hunt for a CEO after long-serving incumbent Paul Walker announced plans to quit the software company.

Walker has been with Sage...

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Sage has started the hunt for a CEO after long-serving incumbent Paul Walker announced plans to quit the software company.

Walker has been with Sage for 16 years as CEO and has informed the board that he intends to step down.

According to a report in the Sunday Times, the UK software firm has already hired headhunters to find a replacement but it is not being specific about the time the process will take.

In a statement the vendor confirmed that Walker had left: "Paul Walker, chief executive, has advised the board of his intention to stand down from the company in due course, after sixteen years as chief executive and twenty-six years with the company. Paul and the board will work to ensure a seamless transition and the board will make a further announcement at the appropriate time."

One internal candidates is Paul Stobart, who runs the UK and Ireland operation.

Richard Holway, chairman of TechMarketView, said whoever comes in to replace Walker will have a challenge in moving the company towards cloud computing. He described its efforts so far being as "rather half-hearted".

A version of this story appeared on MicroScope.co.uk.

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