The Board of Directors of CA Technologies (NASDAQ: CA) today
announced the unanimous election of Michael P. Gregoire, 46, as the
company’s new chief executive officer, effective January 7, 2013. A
25-year veteran of the software and IT services industries,
Gregoire also was elected to the CA Technologies Board of
Directors.
Former Taleo Corp. chairman, president
and CEO Michael P. Gregoire, Named CA Technologies CEO
He will succeed William E. McCracken, 70, who has served as CA
Technologies chief executive officer since January, 2010 and who is
retiring effective March 31, 2013. McCracken also will leave the CA
Technologies Board of Directors effective January 7, 2013.
“I am honored to have the opportunity to lead CA Technologies,”
Gregoire said. “I accepted the position because I believe CA
Technologies has a compelling value proposition, a strong
reputation and a growing relevance for customers, software
engineering, and partners. It is clear that CA Technologies is
well-positioned to lead the industry as companies find it more
critical than ever to manage and secure their IT environments in
the cloud and efficiently provide business services that enable
them to win in the marketplace.”
Most recently, Gregoire was chairman, president and chief
executive officer of Taleo Corp., a cloud-based talent management
software company. During his seven years leading Taleo, Gregoire
successfully managed an IPO in 2005 and grew revenue from $78
million to $324 million. Taleo was acquired early in 2012 by Oracle
Corp. for nearly $2 billion.
Before joining Taleo, Gregoire spent four years at PeopleSoft,
Inc., a provider of software solutions for human resource
management, financial management, supply chain, customer
relationship management and enterprise performance management.
While there, he was the executive vice president of PeopleSoft
Global Services, leading a team of 4,000 professionals with annual
revenue of $2 billion.
Gregoire also spent 12 years at EDS Corp., where he held a
number of senior positions including executive director of the
global Financial Markets Group, chief technologist for
Manufacturing and Financial verticals, as well as several
architecture and project management positions.
“We are very pleased to have hired someone of Mike Gregoire’s
caliber,” said Arthur Weinbach, chairman of the Board of Directors,
CA Technologies. “He clearly stood out in the field of candidates
we considered, bringing to CA Technologies a compelling track
record of success, leadership skills, operating expertise and
software industry vision. We expect CA Technologies employees,
customers and partners to benefit from his leadership, years of
experience in the software industry and customer focus.”
Gregoire will relocate to the New York area.
In making the announcement, Weinbach said McCracken will
continue to lead the company until Gregoire joins on January 7,
2013. He will assist Gregoire in the transition until his
retirement on March 31, 2013. The company also said it has entered
into a consulting agreement with McCracken to further help with the
transition through December 31, 2013.
“The Board of Directors and the employees of CA Technologies
appreciate Bill McCracken’s leadership over the past three years
and his success in building a customer-centric company with a
forward-looking strategy,” said Weinbach. “Over his tenure, Bill
has repeatedly shown his devotion to the company, our customers and
employees. We want to thank him for all he has done for CA. We are
very grateful.”
Gary Fernandes, the director who led the Board search committee
added: “The Board followed a vigorous search process during the
past six months. As the search progressed, it became clear to us
that Mike Gregoire is exactly the kind of leader CA Technologies
needs. Mike has been a winner in everything he has done in his
business and personal lives. He is the ultimate competitor and has
a fierce desire to succeed in everything he does. The Board looks
forward to working with him.”
Gregoire holds a Bachelor of Science degree in physics and
computing from Wilfred Laurier University and a Master of Business
Administration degree from California Coast University. He also
serves on the Board of Directors of ShoreTel, Inc. (NASDAQ: SHOR),
a telecommunications company.
About CA Technologies
CA Technologies (NASDAQ: CA) provides IT management solutions
that help customers manage and secure complex IT environments to
support agile business services. Organizations leverage CA
Technologies software and SaaS solutions to accelerate innovation,
transform infrastructure and secure data and identities, from the
data center to the cloud. Learn more about CA Technologies at
www.ca.com.
Follow CA Technologies
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- Press Releases
Cautionary Statement Regarding Forward-Looking
Statements
Certain statements in this communication (such as statements
containing the words "believes," "plans," "anticipates," "expects,"
"estimates," "targets" and similar expressions) constitute
"forward-looking statements" that are based upon the beliefs of,
and assumptions made by, the Company's management, as well as
information currently available to management. These
forward-looking statements reflect the Company's current views with
respect to future events and are subject to certain risks,
uncertainties, and assumptions. A number of important factors could
cause actual results or events to differ materially from those
indicated by such forward-looking statements, including: the
ability to achieve success in the Company's strategy by, among
other things, effectively rebalancing the Company's sales force to
increase penetration in growth markets and with large enterprises
that have not historically been significant customers, enabling the
sales force to sell new products, improving the Company's brand in
the marketplace and ensuring the Company's set of cloud computing,
Software-as-a-Service and other new offerings address the needs of
a rapidly changing market, while not adversely affecting the demand
for the Company's traditional products or its profitability; global
economic factors or political events beyond the Company's control;
general economic conditions and credit constraints, or unfavorable
economic conditions in a particular region, industry or business
sector; the failure to adapt to technological changes and introduce
new software products and services in a timely manner; competition
in product and service offerings and pricing; the failure to expand
partner programs; the ability to retain and attract adequate
qualified personnel; the ability to integrate acquired companies
and products into existing businesses; the ability to adequately
manage and evolve financial reporting and managerial systems and
processes; the ability of the Company's products to remain
compatible with ever-changing operating environments; breaches of
the Company's software products and the Company's and customers'
data centers and IT environments; discovery of errors in the
Company's software and potential product liability claims; the
failure to protect the Company's intellectual property rights and
source code; risks associated with sales to government customers;
access to software licensed from third parties; risks associated
with the use of software from open source code sources; access to
third-party code and specifications for the development of code;
third-party claims of intellectual property infringement or royalty
payments; fluctuations in the number, terms and duration of the
Company's license agreements as well as the timing of orders from
customers and channel partners; the failure to renew large license
transactions on a satisfactory basis; changes in market conditions
or the Company's credit ratings; fluctuations in foreign
currencies; the failure to effectively execute the Company's
workforce reductions; successful outsourcing of various functions
to third parties; events or circumstances that would require us to
record a goodwill impairment charge; potential tax liabilities;
acquisition opportunities that may or may not arise; and other
factors described more fully in the Company's filings with the
Securities and Exchange Commission. Should one or more of these
risks or uncertainties occur, or should our assumptions prove
incorrect, actual results may vary materially from those described
herein as believed, planned, anticipated, expected, estimated,
targeted or similarly expressed in a forward-looking manner. The
Company assumes no obligation to update the information in this
communication, except as otherwise required by law. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof.
Copyright © 2012 CA, Inc. All Rights Reserved. One CA Plaza,
Islandia, N.Y. 11749. All other trademarks, trade names, service
marks, and logos referenced herein belong to their respective
companies.
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