Sage chairman to retire in September 2021
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Software firm Sage revealed on Thursday that long-time chairman Donald Brydon had informed the board of his intention to retire.
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Brydon will step down from the position in September 2021, by which time he will have been in the role for nine years.
The FTSE 250-listed group said Brydon's retirement aligned with the board's succession plan and good corporate governance practice, including the UK Corporate Governance Code requirement for a chair to step down after nine years.
Sage added that its Nomination Committee would establish a process, led by senior independent director Drummond Hall, aimed at identifying and appointing Brydon's successor in due course.
As of 0845 BST, Sage shares were up 0.053% at 759.0p.