CA's CEO Swainson to Retire by End of 2009
CA's CEO John Swainson has announced his plans to retire from the company at the end of 2009, saying, "This is the opportune time to transition to new leadership as CA begins its drive to the next level."CA's CEO John Swainson has announced his plans to retire from the company at the end of 2009. Swainson, who came to CA in 2004 after a 26-year career at IBM, said he plans to retire from his position at the helm of system software maker CA on Dec. 31, 2009, or upon the earlier selection of a successor. A committee of the company's board of directors has been formed to begin an immediate search for a successor, CA officials said.
"Five years ago, I joined CA with the goal of helping CA become a trusted, valued, and strategic partner, not only to our customers, shareholders [and] employees, but also in the communities where we live and work around the world," said Swainson, in a statement. "I am very proud that the CA team has largely accomplished the goal we set five years ago. We have restored CA's business momentum, delivered 14 quarters of solid financial results and are positioning the company for the next phase of growth driven by promising technologies that include virtualization and cloud computing. This is the opportune time to transition to new leadership as CA begins its drive to the next level."