Murdoch Stephen (Stephen Murdoch)

Murdoch Stephen (Stephen Murdoch)

According to the message from the website Micro Focus of March 19, 2018, Stephen Murdoch behind shoulders has a 25-year work experience in the IT industry. It worked in the field of sales of the equipment, the software and services. Before joining the British company, he held executive positions in the field of management, sales and strategy in IBM and Dell.

Income

In 2017 Micro Focus paid to Murdoch nearly $3 million from which $1 million is salary.

Biography

2018: Appointment of Micro Focus as the head

On March 19, 2018 the software maker of Micro Focus announced change of the CEO. The operating officer Stephen Murdoch who released Chris Hsu from a duty became him. The last stayed in the head of Micro Focus slightly more than a year.

Chris Xiu left the company that "more time to spend with family and to implement new opportunities".

I would like to thank Chris Hsa for its leadership, tireless energy and enthusiasm for the last 15 months and to wish it success in its new undertaking — the executive chairman of the board of directors of Micro Focus Kevin Loosemore says. — Chris played an important role in successful business combination of HPE Software with Micro Focus. He directed reorganization of a portfolio of HPE Software according to requirements of the modern market and developed the plan for increase in efficiency of our investments into products in join conditions of the companies.

In day when Micro Focus announced change of the CEO, stocks of the company fell in price almost by 56%, and market capitalization in only several hours decreased from 4.45 to 3.73 billion pounds sterling (about $5.2 billion at the rate of for March 19), notes CNBC TV channel.

In addition to staff changes, the lowered forecast for income affected the quotations of vendor: the company began to expect reduction of annual revenues for 6-9% against former 2-4%.^[1]

Notes