Date Posted: 3/18/2008
Sage Appoints New US CEO And President
LONDON (Thomson Financial) - Sage Group (LSE: SGE.L - news) said it has appointed Sue Swenson as president and chief executive officer of its under-performing US business with effect from May 1.
Swenson, who joins Sage from digital entertainment company Atrinsic Inc, formerly New Motion, replaces former chief executive Ron Verni, who left the Newcastle-based company last October as part of a restructuring of the US, its biggest business.
Sage said Swenson has over 20 years' experience in the telecommunications industry, previously holding senior management positions at companies including Pacific Bell and T-Mobile.
Sage chief executive, Paul Walker, said in a statement that Swenson has a 'proven track record' in growing businesses and will help 'lead our North American business in its next important stage of development.'
Last November Sage reported 4 pct organic growth in its US business and said it expected modest improvement in 2008.
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