Micro Focus chairman Loosemore steps down after 'challenging' year

LONDON (Reuters) - Micro Focus International Executive Chairman Kevin Loosemore will step down this month, the British IT company said on Tuesday, after a "challenging" year in which its revenue and core earnings fell short of expectations.Loosemore, who built Micro Focus into a company with revenue of more than $3 billion in 15 years, will stand down on Feb. 14, when IT industry executive Greg Lock will take up the role of non-executive chairman, it said.Revenue for the year to Oct. 31 fell..