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Swainson Swoops in as CA CEO

After an eight-month search, Computer Associates International Inc. (CA) (NYSE: CA) has finally appointed a new president and CEO.

Former IBM Corp. (NYSE: IBM) exec John Swainson was unveiled today as the companys new president and CEO-elect in the aftermath of an accounting scandal that kept CA in the headlines for all the wrong reasons (see CA's Mea Culpa).

As it attempts to put the last few months behind it, the New York-based firm has already reached a $225 million settlement with the Securities and Exchange Commission (SEC) and the Department of Justice, as well as announcing a major corporate restructuring (see CA Cuts 800 Jobs).

Swainson steps into the shoes vacated by former CEO Sanjay Kumar, who has since been indicted on securities fraud conspiracy and obstruction charges. Kumar resigned from CA earlier this year, prompting an eight-month search for a successor (see CA CEO Resigns, CA Names Temp Chief, and Kumar Leaves CA).

The 50-year-old Swainson joins CA from the slightly more sedate environs of IBM’s software group, where he was vice president of the firm’s worldwide sales force. He is also credited with helping develop and market IBM’s popular WebSphere family of middleware products.

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