Steve Hare (businessman)

Stephen Hare (born April 1961) is a British businessman and chief executive officer of the multinational enterprise software company Sage Group.

Steve Hare
Hare in 2023
BornApril 1961 (age 62)[1]
Withernsea, East Riding of Yorkshire, UK
NationalityBritish
OccupationBusinessman
Known forCEO of Sage Group

Early life

Hare was born in Withernsea, East Riding of Yorkshire in 1961 and when he was six the family moved to Hong Kong. At age 11 they returned to the UK and Hare attended a boarding school in Pocklington, Yorkshire. Hare studied economics and accountancy at Liverpool University, and afterwards he joined the auditing firm Ernst & Young.

Career

Hare joined General Electric Company in 1989 and had a number of roles eventually becoming chief financial officer (CFO) of its successor, Marconi plc.[2] After leaving Marconi, Hare took up CFO roles at Spectris plc from 2005 to 2006 and Invensys from 2006 to 2009.[2] Hare then became a partner at Apax Partners from 2009 to 2013.[2]

In 2014 Hare joined Sage Group as CFO.[2] During his time as CFO, Sage made its biggest acquisition, Intacct, in July 2017 for $850M.[3]

On 31 August 2018, Sage announced that the board and the then current Sage CEO, Stephen Kelly, had come to an agreement and that Kelly had stepped down as a director and CEO.[4] Immediately following Kelly's departure Hare was appointed chief operating officer on an interim basis.[4] On 2 November 2018 Steve Hare was appointed CEO on a full-time basis.[5] In a 2020 poll Glassdoor named Hare the UK's number 1 CEO during the COVID-19 pandemic.[6]

References
  1. "Stephen Hare". Companies House. Retrieved 5 May 2019.
  2. "Appointment of Chief Financial Officer". Sage Group plc. 11 November 2013. Retrieved 2 November 2018.
  3. "Sage Group buys Intacct accounting software for £850m". Tech Crunch. 25 July 2017. Retrieved 16 March 2018.
  4. "The Sage Group plc (the Group) announces today that the Board and Stephen Kelly, Chief Executive Officer, have come to an agreement and Stephen has stepped down as a director and CEO". Sage Group. Retrieved 31 August 2018.
  5. "Appointment of Group Chief Executive Officer". Sage Group plc. 2 November 2018. Retrieved 2 November 2018.
  6. Stansell, Amanda (16 September 2020). "Highest Rated CEOs During the COVID-19 Crisis". Glassdoor Economic Research. Retrieved 26 September 2020.
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