CA Names McCracken Chairman - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
IT Leadership // Team Building & Staffing

CA Names McCracken Chairman

CEO William E. McCracken assumes the role of chairman after a unanimous board vote.

William E. McCracken, board chairman of CA, was elected on Thursday chief executive of the IT management software company, taking over for John Swainson who retired late last year.

The board elected McCracken by a unanimous vote. He will now hold both the CEO and chairman positions.

McCracken has been involved in the day-to-day management of CA, as well as in the development and execution of strategy, since Swainson announced his retirement in September.

"We had the benefit of watching him lead the company and it became evident to us that Bill McCracken has the knowledge, industry expertise, and experience to take CA to the next level," board member Gary J. Fernandes, who headed the search committee, said in a statement. "The board unanimously decided that Bill was the best choice to sustain the company's momentum and lead it going forward."

McCracken, 67, joined CA's board in 2005 and became non-executive chairman in 2007. Before joining the IT management software company, he held numerous executive positions at IBM. During a 36-year career with the IT vendor, McCracken served as general manager of the IBM Printing Systems Division and general manager of worldwide marketing of IBM PC Company.

In taking the helm at CA, McCracken will be heading a far more stable company than the one led by Swainson. In joining CA as CEO in February 2005, Swainson took over a company reeling from a disastrous $2.2 billion accounting scandal and insider trading by previous chief executive and chairman Sanjay Kumar and some of his top deputies.

Under Swainson's leadership, the company renamed itself from Computer Associates to CA, increased operating margins 50%, doubled earnings per share, and saw the three major credit agencies upgrade CA's credit back to investment grade.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Commentary
Why It's Nice to Know What Can Go Wrong with AI
James M. Connolly, Editorial Director, InformationWeek and Network Computing,  11/11/2019
Slideshows
Top-Paying U.S. Cities for Data Scientists and Data Analysts
Cynthia Harvey, Freelance Journalist, InformationWeek,  11/5/2019
Slideshows
10 Strategic Technology Trends for 2020
Jessica Davis, Senior Editor, Enterprise Apps,  11/1/2019
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Getting Started With Emerging Technologies
Looking to help your enterprise IT team ease the stress of putting new/emerging technologies such as AI, machine learning and IoT to work for their organizations? There are a few ways to get off on the right foot. In this report we share some expert advice on how to approach some of these seemingly daunting tech challenges.
Slideshows
Flash Poll