Chief executive, CA
Former IBM executive Swainson, who waslast year, will continue as president. He replaces , who has held the post since April 2004. Cron was given interim charge of the software company following the stemming from a $2.2 billion accounting scandal.
The appointment of Swainson, 50, marks a significant milestone in CA's effort to turn itself around after a tumultuous period. The Islandia, N.Y., company has swapped out most of its high-level staff over the past year after pushing out Kumar and several other financial and legal executives.
As president and CEO-elect, Swainson helped.
"Ken and COO Jeff Clarke were able to successfully overcome significant obstacles," CA Chairman Lewis Ranieri said in a statement. "The company performed solidly for the past three quarters, underwent a restructuring effort, made two strategic acquisitions to add to its security portfolio, outlined a growth strategy and continued to fill key management positions with highly credentialed individuals."