Computer Associates International announced Wednesday that its CEO-elect, John Swainson, has stepped into his new role.
John Swainson
Chief executive, CA
Former IBM executive Swainson, who was named as CA's incoming CEO last year, will continue as president. He replaces interim CEO Kenneth Cron, who has held the post since April 2004. Cron was given interim charge of the software company following the ouster of Sanjay Kumar stemming from a $2.2 billion accounting scandal.
The appointment of Swainson, 50, marks a significant milestone in CA's effort to turn itself around after a tumultuous period. The Islandia, N.Y., company has swapped out most of its high-level staff over the past year after pushing out Kumar and several other financial and legal executives.
"Ken and COO Jeff Clarke were able to successfully overcome significant obstacles," CA Chairman Lewis Ranieri said in a statement. "The company performed solidly for the past three quarters, underwent a restructuring effort, made two strategic acquisitions to add to its security portfolio, outlined a growth strategy and continued to fill key management positions with highly credentialed individuals."
Join the conversation
Comment replyThe posting of advertisements, profanity, or personal attacks is prohibited. Click here to review our Terms of Use.
Google creates an animated doodle that features a boy, a girl, Google's search engine, and a jump rope. But might there be darker, more analytical, more troubling interpretations to this tale?
The Silicon Valley online payments startup grew by 1,000 percent last year and is hopeful it can repeat that level of growth this year. To do that, it's had to move away from its early friends-and-family roots and embrace small businesses.
Chamtech's spray-on antenna uses a nano material to provide a low-power boost to antenna range. The wireless-in-a-can product may some day bring an end to unsightly cell towers.
EnerG2 opens a plant to make an engineered carbon that will improve performance of energy storage devices and make storage for start-stop hybrid cars less expensive.
Join the conversation