For-profit Sage takes on another interim boss as Rod Cahill to step down

News26 Aug 2020 Former Member

For-profit provider Sage Housing, which is backed by US private equity giant Blackstone, has appointed another interim chief executive and is on the hunt for a new permanent boss.

Rod Cahill had been intending to stay for only six months at Sage

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For-profit Sage takes on another interim boss as Rod Cahill to step down #UKhousing #SocialHousingFinance

Rod Cahill to be replaced by Mark Sater as chief executive of Sage #UKhousing #SocialHousingFinance

For-profit provider Sage Housing, which is backed by US private equity giant Blackstone, has appointed another interim chief executive and is on the hunt for a new permanent boss #UKhousing #SocialHousingFinance

Rod Cahill, the former chief executive of Catalyst, will step down after 16 months as stand-in chief at Sage in “early autumn”, the group said today.

Mr Cahill, who replaced Joe Cook at Sage last year, said he had been intending to stay for only six months but added that “now was the right time to hand the reins to someone else as the organisation moves into a new phase”.

Sage hopes to have a permanent replacement within six months, a spokesperson told Social Housing.

Sage’s immediate parent, Sage Investments Sàrl, is a joint venture company between property investment firm Regis and Blackstone registered in Luxembourg.

Mr Cahill’s interim replacement, Mark Sater, is currently a strategic advisor to Regis, according to his LinkedIn profile. His experience also includes a spell as chief executive of a contract manufacturing partner to major medical device companies and managing director of Caterpillar fashion brand producer Overland.

He said: “Sage is a fantastic company and I am delighted to be taking on this interim role.”