INTERVIEW: Outgoing Micro Focus CEO To Seek New Role Elsewhere
September 09 2009 - 8:05AM
Dow Jones News
Stephen Kelly, the outgoing chief executive of Micro Focus
International PLC (MCRO.LN) who resigned Wednesday for personal
reasons, will be looking for new corporate opportunities in the
coming months once his successor is in place.
Speaking to Dow Jones following his shock resignation, Kelly
reiterated that the decision was a personal one, and the company's
operational performance remains in line with comments made in
August that trading is broadly in line with management
expectations.
"I am focused on providing a lot of energy for the next
venture," Kelly said in an interview, adding that he would take a
couple of months to reflect on what opportunities are out there,
what makes sense given his experience, "and of course who might
want me."
He also didn't rule out venturing away from his software past,
having led Chordiant Software Inc (CHRD) and held senior roles at
Oracle Corp. (ORCL), depending on what is available when he's ready
to undertake a new role.
Kelly also said he hopes to continue to be involved in the Micro
Focus Technology Manifesto, which is calling on the British
government to implement plans to promote IT and create jobs in the
sector.
Micro Focus shares, which have fallen nearly 20% in the year to
date, dropped further on the news of Kelly's departure. At 1133
GMT, they were down 12.3%, or 47 pence at 338p.
Company Web site: www.microfocus.com
-By Kathy Sandler, Dow Jones Newswires; 44-207-842-9293;
kathy.sandler@dowjones.com