Micro Focus chairman Loosemore steps down after "challenging" year
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LONDON (Reuters) - British IT company Micro Focus Intl said its executive chairman Kevin Loosemore would stand down this month after a "challenging year" in which its revenue and core earnings fell short of expectations.Loosemore, who built Micro Focus into a global company with revenue of over $3 billion (£2.3 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, the company said.Micro Focus's revenue for the..