Investing.com -- British software firm Sage Group (LON: SGE ) has announced that Jacqui Cartin will succeed Jonathan Howell as the company’s chief financial officer (CFO). Howell is set to leave his position at the end of this year, on December 31.

Shares fell 1.9% at the London open.

Cartin, who is currently serving as the company’s executive vice president group financial controller, will assume her new role as CFO in January 2026.

Howell has been in the CFO role since 2018 and has decided to step down to shift his focus towards non-executive work. Under Howell’s leadership, the company’s stock price has seen a significant rise, more than doubling during his tenure.

Sage Group, which has been enjoying a surge in demand for artificial intelligence, had previously predicted an organic revenue growth of 9% or more for the year ending in September.

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