Stephen Kelly (businessman)

Stephen Kelly
Stephen Kelly (right), 2018
Born (1961-12-30) 30 December 1961 (age 62)[1]
Kent, United Kingdom
OccupationBritish businessman
SpouseSiobhan Kelly
Children3[2]

Stephen Paul Kelly (born 30 December 1961) is a British businessman, and the former chief executive officer of Sage Group.[3][4][5]

Early life

He was born in Kent, England and attended the Harvey Grammar School in Folkestone.[6] Kelly received a BSc in Business Administration from the University of Bath.[7] He went on to receive an honorary doctorate in Business Administration in 2016.[7]

Career

Kelly has 40 years' of leadership experience in both the private and public sectors. He is currently CEO of Cirata[8] and previously has held three CEO positions with UK & US public tech companies, as well as spending three years as the first Chief Operating Officer of the UK Government. Under his CEO stewardship, the companies increased their combined market value by approximately $10bn.

He started his career in Technical Support, working for the now-defunct British tech firm, ICL, for four years.[5][9] In 1988, he joined American multinational computer technology corporation, Oracle as an executive of the European management team.[7] After nine years at Oracle, he joined Californian enterprise software start-up, Chordiant which became a Fintech Unicorn at IPO on Nasdaq. In 2001 he became chief executive officer, replacing Sam Spadafora.[5][10] Kelly attended and completed Stanford University Directors’ College - best in class company governance, control environment and integrity.

He returned to the UK in 2006 to become chief executive officer of FTSE software firm Micro Focus International.[6] In 2009, he announced he would step down as CEO of Micro Focus. Micro Focus was one of the FTSE250 best-performing stocks during his tenure, rising seven-fold.[11]

In 2011 he joined the UK Government, and was made its first Chief Operating Officer and head of the Efficiency and Reform Group in 2012 under cabinet office minister, Francis Maude.[12] During the coalition years, the Efficiency & Reform program delivered £50bn of savings and Stephen was commended by Margaret Hodge, chair of PAC. Flagship programs including the digitisation with Gov.UK won multiple awards. Prime Minister David Cameron hailed the Government Digital Service (GDS) as “one of the great unsung triumphs of the last parliament” in a speech (Friday 11 September 2015). In 2016, the UK was recognised by the UN and the world's best digital Government. Kelly joined the Cabinet Office Board amongst many Government Board roles and chaired the Government's Senior Information, Security & Risk Board.

He left his role with the Government in November 2014 to join FTSE 100 multinational enterprise software company, Sage Group, where he was Sage's first externally appointed CEO.[13] During his time as CEO, Sage's market value doubled to £8bn and the firm acquired North American cloud-based financial software company Intacct in 2017 for $850m, and Fairsail, a British provider of cloud-based human resources software.[14][15] Sage cloud revenues grew from £2m in 2014 to £486m of annualised recurring revenues in 2018. Sage won innovation awards and launched the first AI and chatbot in the market. As part of the compassionate capitalism & social purpose mission, Kelly started the Sage Foundation, donating annually 75,000 days of volunteering time, technology & millions of pounds to philanthropic and charitable causes. Notable successes include dramatically reducing youth homelessness in Newcastle and positively impacting domestic violence in South Africa. Kelly co-chaired the Anglo-Brazil Trade Board (JETCO).[16]

In 2015, Kelly was appointed as one of six new Prime Minister's business ambassadors to help boost the UK's performance in international trade.[17]

On 31 August 2018, Kelly announced he would step down as a director and CEO of Sage and he was succeeded by Steve Hare, CFO during Kelly's tenure at the company.[18]

In 2019, Kelly was voted “Mentor of the Year” at UK Enterprise Awards.[19]

On 1 June 2020, Kelly was appointed as Chair of Tech Nation, the growth platform for tech companies and leaders, joining existing board members including Tech Nation CEO Gerard Grech, David James Richards, founder and CEO of WANdisco, and Sarah Wood, co-founder of Unruly and Jo Johnson, Lesley Eccles[20] & Eric Collins.[21]

Kelly is an angel investor & mentor in many sustainability and women-led businesses[22] as well as Chair of The Algorithm People,[23] and advisor to Blackrock and Locums Nest.

He was appointed Chair of the Science & Technology Honours Committee in December 2021 and now sits on the main Honours Committee.[24] He was appointed a member of the No. 10 Innovation Fellowship Board in 2021.[25]

Personal life

He is married with three daughters.[2]

References

  1. ^ "Stephen Paul Kelly". Companies House. Retrieved 5 May 2019.
  2. ^ a b Armitstead, Louise (18 July 2011). "Stephen Kelly - the man at the coal face of the Big Society". The Daily Telegraph. London. Retrieved 27 February 2018.
  3. ^ "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.
  4. ^ "Stephen P. Kelly: Executive Profile & Biography". Bloomberg. Retrieved 6 March 2018.
  5. ^ a b c Bentley, Guy (6 August 2014). "Stephen Kelly announced as Sage CEO". City A.M. London. Retrieved 7 February 2018.
  6. ^ a b Duke, Simon (12 July 2015). "Dotcom survivor embarks on a great north run with Sage". The Times. London. Retrieved 2 February 2018.
  7. ^ a b c Cave, Andrew (27 August 2016). "I want Sage to be about everything to do with moving money". The Daily Telegraph. London. Retrieved 15 February 2018.
  8. ^ "Cirata". Retrieved 30 November 2023.
  9. ^ Fildes, Nick (23 May 2015). "Manifesto: The Jet's gone, but technology's high flyer is planning its latest attack from the cloud". The Times. London. Retrieved 19 January 2018.
  10. ^ "Chordiant Software Inc appoints Stephen Kelly as new President and Chief Operating Officer" (Press release). 27 November 2000. Retrieved 27 January 2018 – via Response Source.
  11. ^ Stafford, Paul (9 September 2005). "Surprise at Micro Focus chief's exit". Financial Times. London: Nikkei. Retrieved 17 February 2018.
  12. ^ Syal, Ranjeev (6 August 2014). "Government chief operating officer Stephen Kelly resigns". The Guardian. London. Retrieved 14 February 2018.
  13. ^ Fildes, Nick (7 August 2014). "Sage raids civil service for chief executive". The Times. London. Retrieved 1 March 2018.
  14. ^ "Sage Group buys Intacct accounting software for $850M". TechCrunch. Oath. 25 July 2017. Retrieved 6 March 2018.
  15. ^ "Time to embrace the cloud on the horizon". The Times. London. 25 January 2018. Retrieved 2 February 2018.
  16. ^ "Anglo-Brazilian Business Dialogue is announced". GOV.UK. Retrieved 24 May 2024.
  17. ^ "Prime Minister names new Business Ambassadors to support international trade and investment". Gov.co.uk (Press release). 20 November 2015. Retrieved 20 February 2018.
  18. ^ "Stephen Kelly steps down as chief executive of software group Sage". The Telegraph. 31 August 2018. Retrieved 24 May 2024.
  19. ^ "Stephen Kelly". Boardwave. Retrieved 24 May 2024.
  20. ^ "Why FanDuel founder got the band back together for new business". 8 November 2019.
  21. ^ "Introducing the new Chair of Tech Nation: Stephen Kelly". technation.io (Press release). 1 June 2020. Retrieved 1 June 2020.
  22. ^ Nimmo, Jamie. "Energy tech firm scoops backing to exploit energy crisis".
  23. ^ "Tech giant joins leading transport decarbonisation firm to accelerate global growth".
  24. ^ "Honours committees".
  25. ^ "Home page". no10innovationfellows.campaign.gov.uk. Retrieved 3 June 2022.