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VP LANGNER GONE AT SAGE Featured

Joe Langner, SageJoe Langner, EVP and GM of mid-market solutions at Sage North America, is out of a job. Employees have reportedly been told of the departure of Langner, who took his current title in October 2011. With new Sage chief executive Steve Kelly having taken over in November, the bets are more changes will be coming. Langner's job is an extremely important one for Sage since it encompasses the mid-market accounting products that are the core of the company's operations in this country.

I would think the changes would be confined to below North America CEO Pascal Houillon, as on January 12, he was granted 288,182 shares that vest on Jan. 31, 2018. It's unlikely the Sage board would grant shares and then turn around and dump him. He also was granted 17,541 shares under the deferred bonus plan the same day. Houillon is also on the Sage executive committee so any change in his change would probably produce a press release. It's rather hard to predict who is next. Kelly was COO for the British government more slightly more than two years before taking his current job. In press coverage in England, he was credited with making the civil service "more digital and efficient", so he's used to modernizing things. One barrier cited for him modernizing Sage was that investors are used to health dividends and wouldn't take kindly to spending to aggressively change the company—which is a big part of the problem to begin with.

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