WANdisco PLC - Sheffield, England-based data migration platform - Appoints former Sage Group PLC chief executive Stephen Kelly as interim CEO, following the departure of co-founder & CEO David Richards and chief financial officer Erik Miller in March in the wake of an accounting fraud. Kelly will take over on Wednesday, when Ken Lever will move back to his position as interim non-executive chair. Notes Kelly's initial focus will be on customers, channel partners and alliances, the sales organisation, and building the sales pipeline.
Last week, WANdisco said it will cut its workforce by 30%, after much of its revenue in 2022 was found to be false. It suspended trading of its shares in March when it uncovered what it called "sophisticated" fraudulent activity by one senior sales employee. WANdisco commissioned an independent investigation and also is the subject of a probe by the UK Financial Conduct Authority
Lever comments: "The board is delighted to have secured someone of Stephen's calibre and track record to lead WANdisco forward. All of us remain squarely focused on advancing the workstreams that are designed to lift the current suspension in WANdisco's shares and position the company for long term success."
Before his stint as CEO of accounting software firm Sage, Kelly was chief operating officer of the UK government. Before that, we was CEO of software firm MicroFocus PLC.
By Harvey Dorset, Alliance News reporter
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Sage Group (SGE)