EPISODE · Sep 15, 2018 · 23 MIN
Sage Group ousts CEO Stephen Kelly amid faltering cloud transformation
from The Accounting Podcast · host Blake Oliver & David Leary
Stories in this episode:Stephen Kelly ousted as Sage CEO after dismal results and faltering transformation — DiginomicaWhy Technology Won't Hurt Client Relationships — AccountingWebKevin Garnett Sues Accountant Over $77 Million Lost To Wealth Manager — CBS BostonXero expands machine learning features for small businesses — ZDNetThe Top 100 Most Influential People in Accounting — Accounting TodayHow Blockchain Is Disrupting Enterprise Finance And Accounting Departments — CMSWireThe Accountant Unemployment Rate Remains Low in Q2 — Robert HalfSubscribe: Listen on iTunesListen on Google Play
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What this episode covers
David is back from his well-deserved vacation and ready to discuss with Blake Sage’s sudden move to oust Stephen Kelly as chief executive. Chairman Donald Brydon reportedly said, “We need to get a CEO that has SaaS in their veins.” Kelly joined Sage four years ago with a mandate to shake up the company, but despite the acquisition of Intacct, he has apparently been unable to turn things around quick enough for the board. Sage is facing increased competition from Xero on its home turf in the U.K and has been unable to gain market share against juggernaut Intuit in the U.S.
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Sage Group ousts CEO Stephen Kelly amid faltering cloud transformation
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