Micro Focus chief leaves after less than a year

15th Apr 2011 08:46

Shares of Micro Focus International slumped 14% after it confirmed chief executive Nigel Clifford is leaving the software group after less than a year in the job.Clifford is leaving the company with immediate effect after just 11 months.David Maloney has been appointed deputy chairman and will continue to perform his role as senior independent director.Executive chairman Kevin Loosemore commented, "We are grateful to Nigel for his contribution to the company and we wish him well for the future. My immediate priority is to deliver the year end in line with shareholder expectations."Micro Focus said there is no change to the guidance previously given to the market in relation to trading for the current financial year. CJ