Close
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home IT Management
    • IT Management

    CA Chairman Charles Wang Retires

    By
    Paula Musich
    -
    November 19, 2002
    Share
    Facebook
    Twitter
    Linkedin

      Computer Associates International Inc.s co-founder and chairman Charles Wang retired on Monday, clearing the way for CEO Sanjay Kumar to take on the chairmans mantle.

      Kumar, Wangs handpicked successor, was elected by CAs board of directors to the chairmans position Monday, when Wangs retirement became effective. Wang, who oversaw the growth of the $2.66 billion software company, also gave up his seat on the board of directors. The board named Wang Chairman Emeritus of the Islandia, N.Y., company.

      “I am pleased to have completed the transition of leadership to Sanjay, who has been a trusted colleague and a valuable partner, in a smooth and orderly way” said Wang in a prepared statement.

      Wang, 58, co-founded the company in 1976 and served as CEO and president during its rapid growth through multiple small and large acquisitions of sometimes-competing software companies.

      Kumar, CEO since 2000, has guided the software behemoth through a turbulent two years. CAs board and executives were threatened twice for control of the company in a proxy battle mounted by Sam Wyly, who sold rival Platinum Technology to CA in the late 1990s.

      CA responded to Wylys threat and criticisms with a shake-up of its board of directors. A number of outside, independent directors were named, and the company adopted a new set of corporate governance guidelines for the board.

      CA in recent years has been investigated by the Department of Justice and the Security Exchange Commission, and the company, along with other mainframe software suppliers, was the earliest to see a precipitous drop in revenues after the Y2K spending spree ended and the dot-com bubble burst.

      “CAs product and service offerings are strong and competitive, our business model has gained broad acceptance, and our business performance has shown undeniable signs of strength in a very difficult environment. We also have a strong Board of Directors that is well informed about the business and supportive of management,” said Wang in his prepared statement.

      Wang intends to devote more time to his philanthropic activities, including an active role in The Smile Train, the National Center for Missing and Exploited Children and other charities focused on children.

      Paula Musich

      MOST POPULAR ARTICLES

      Cybersecurity

      Visa’s Michael Jabbara on Cybersecurity and Digital...

      James Maguire - May 17, 2022 0
      I spoke with Michael Jabbara, VP and Global Head of Fraud Services at Visa, about the cybersecurity technology used to ensure the safe transfer...
      Read more
      Cloud

      Yotascale CEO Asim Razzaq on Controlling Multicloud...

      James Maguire - May 5, 2022 0
      Asim Razzaq, CEO of Yotascale, provides guidance on understanding—and containing—the complex cost structure of multicloud computing. Among the topics we covered:  As you survey the...
      Read more
      Applications

      Cisco’s Thimaya Subaiya on Customer Experience in...

      James Maguire - May 10, 2022 0
      I spoke with Thimaya Subaiya, SVP and GM of Global Customer Experience at Cisco, about the factors that create good customer experience – and...
      Read more
      IT Management

      Intuit’s Nhung Ho on AI for the...

      James Maguire - May 13, 2022 0
      I spoke with Nhung Ho, Vice President of AI at Intuit, about adoption of AI in the small and medium-sized business market, and how...
      Read more
      Big Data and Analytics

      GoodData CEO Roman Stanek on Business Intelligence...

      James Maguire - May 4, 2022 0
      I spoke with Roman Stanek, CEO of GoodData, about business intelligence, data as a service, and the frustration that many executives have with data...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2021 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×