ISLANDIA, N.Y., May 6 /PRNewswire-FirstCall/ -- CA, Inc. (Nasdaq:
CA), the world's leading independent IT management software
company, today announced that its Board of Directors has appointed
Arthur F. Weinbach, 67, as its
non-executive chairman of the Board. The appointment is effective
immediately.
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He succeeds Bill McCracken, 67,
who became the Company's chief executive officer in January 2010. He also succeeds Gary Fernandes, who served as CA's Lead
Independent Director during the three-month period that McCracken
served as both executive chairman of the board and CEO.
"Art Weinbach is a proven leader
with a track record of directing companies as chief executive and
as the chairman of the board," said Fernandes. "Art's appointment
ensures that Bill McCracken and his
senior management team will have the strong support and independent
counsel needed to help further build CA into a market and thought
leader in new and emerging technologies such as virtualization,
software-as-a-service, cloud computing and security."
Weinbach, who currently is executive chairman of Broadridge
Financial Solutions, Inc., and was previously chairman and chief
executive officer of Automatic Data Processing, Inc. (ADP), joined
CA's Board of Directors in 2008. He has served as a member of
the Board's Audit Committee and its Compensation and Human
Resources Committee.
"I am delighted to be taking on this role with CA's Board of
Directors in such a pivotal period in the Company's history.
There are great opportunities ahead and I look forward to working
with the Board and the CA management team to successfully execute
our corporate strategy and clearly establish the Company as a
market and thought leader," said Weinbach.
CA has split the chairman and CEO roles since 2004, other than
during the brief transitional period when McCracken served as both
chairman and CEO. McCracken served as CA's non-executive
chairman from 2007 to 2009 and became CA's executive chairman when
former CEO John Swainson announced
his retirement in September 2009.
McCracken will remain on the Board as its only inside
director. The Board currently has nine members.
"On the recommendation from CA's Corporate Governance Committee,
the CA Board unanimously agreed that it was in the best interest of
the Company, CA shareholders, and its employees to continue to
separate the roles of chairman and chief executive officer," said
Fernandes. "We believe that this is the appropriate board
leadership structure for CA at the present time."
Weinbach spent 28 years at ADP. He served as ADP's president and
CEO from 1996 to 1998, as chairman and CEO from 1998 to 2006, and
as non-executive chairman from 2006 to November 2007. Prior to joining ADP,
Weinbach was a partner in the accounting firm of Touche Ross & Co., which is now part of
Deloitte Touche Tohmatsu.
Weinbach earned a Master of Science degree in accounting from
University of Pennsylvania's Wharton
Graduate School and a Bachelor of Science degree in economics also
from Wharton.
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About CA
CA (NASDAQ: CA) is an IT management software and solutions
company with expertise across all IT environments – from mainframe
and physical, to virtual and cloud. CA manages and secures IT
environments and enables customers to deliver more flexible IT
services. CA's innovative products and services provide the insight
and control essential for IT organizations to power business
agility. The majority of the Global Fortune 500 rely on CA to
manage their evolving IT ecosystems. For additional information,
visit CA at www.ca.com. Follow CA on Twitter at
www.twitter.com/cainc.
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Copyright © 2010 CA. All Rights Reserved. One CA Plaza,
Islandia, N.Y. 11749. All trademarks, trade names, service marks,
and logos referenced herein belong to their respective
companies.
Press contact:
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Dan Kaferle
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CA, Inc.
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Phone: (631) 342-2111
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daniel.kaferle@ca.com
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Carol Lu
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CA, Inc.
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Phone: (212) 415-6920
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carol.lu@ca.com
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SOURCE CA, Inc.