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Director Appointments

Micro Focus updates on CEO for enlarged group

17 January 2017 09:40

Micro Focus International has said the proposed CEO for the enlarged group is Chris Hsu, currently COO at Hewlett Packard Enterprise Company (HPE).

On Sept. 7, Micro Focus and the software business segment (HPE Software) of HPE announced that Kevin Loosemore and Mike Phillips would continue as Executive Chairman and Chief Financial Officer respectively of the Enlarged Group following completion of the transaction.

Stephen Murdoch would remain CEO of Micro Focus until completion, and then become COO. Nils Brauckmann will remain CEO of SUSE, which will continue to operate as today. As previously announced, it is intended that Kevin Loosemore will remain Executive Chairman until at least April 2018.

Micro Focus expects to announce further details of Board composition and Executive management of the Enlarged Group when the Prospectus is published in the third quarter of 2017.

At 9:40am: (LON:MCRO) Micro Focus International PLC share price was +10p at 2178p

Story provided by StockMarketWire.com

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