SAGE NAMES U.K.'S COO AS CEO

Stephen Kelly, Sage GroupThe Sage Group has chosen technology leader and British government official Stephen Kelly as its new CEO. Kelly will take over from the current job holder, Guy Berruyer on November 5. On that date, Berruyer will also retire as a director of the United Kingdom-based company, but will remain available in a transition role until the end of March. Kelly will receive an annual salary of about $1.3 million and a one-time award of about $1.7 million that vests over a six years, depending on share return performance.

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