http://www.directorship.com Boardroom Intelligence Tue, 07 Feb 2012 17:50:30 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 http://www.directorship.com/ca-swainson-retires/ http://www.directorship.com/ca-swainson-retires/#comments Wed, 02 Sep 2009 20:39:46 +0000 News Editor http://www.directorship.com/?p=9387 CA Inc. announced that CEO John Swainson plans to retire at the end of the year, reports the Associated Press. He may retire earlier if a successor if found before that time. While the company’s committee searchs for an appropriate successor, Swainson leaves the company with a $14 million severance package, according to the AP. Swainson is credited with rebuilding the company’s reputation after a $400 million accounting fraud scandal that sent former CEO Sanjay Kumar to prison two years ago from his role. Swainson has worked for the information technology management software company for five years. He will step down from the company’s board after he retires. William McCracken, who previously served as non-executive chairman of the board, will act as interim-executive chairman until a successor is found.

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