CA CEO announces retirement

Swainson to move on after five years at company's helm

CA chief executive John Swainson is to retire at the end of the year, or possibly earlier if a successor is appointed before then.

In an announcement today, CA says Swainson plans to retire on December 31, “or upon the earlier selection of a successor”.

The company’s board has formed a committee to “begin an immediate search for a successor”, according to the statement.

Swainson was appointed CA’s CEO in 2004 following the departure of his predecessor, Sanjay Kumar, in the wake of the accounting scandal which subsequently saw Kumar and former CA global sales head Stephen Richards jailed.

In today’s statement, Swainson is quoted as saying “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.

“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 virtualisation and could computing.

“This is the opportune time to transition to new leadership as CA begins its drive to the next level.”

Swainson will remain CEO and a director of the Company during the transition and plans to step down as a member of the Board of Directors effective upon his retirement from CA.

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