After the recent departure of four of the company's top executives, CA Inc. has engaged in its second round of reshuffling, appointing Al Nugent as the software vendor's new chief technology officer (CTO).
Earlier this month, during an overhaul of its sales operations, CA announced the departure of Greg Corgan, its executive vice president of worldwide sales, following the revelation that a new sales-commission plan had played havoc with its financial results.
May saw the company wave farewell to Bob Davis, CA's chief financial officer, along with the departure of CTO Mark Barrenechea as he joined private equity firm Garnett & Helfrich Capital as a director. In April, Jeff Clarke, the vendor's chief operating officer, quit to helm the Travel Distribution Services division of Cendant Corp.
In addition to his new responsibilities as CA CTO, Nugent, will continue to lead the vendor's Unicenter enterprise systems management business unit until the company names a successor for that position.
Nugent, 51, joined CA in April 2005 from Novell Inc. where, as senior vice president and CTO, he help push the networking software vendor to more fully embracing open-source technology, notably with the 2003 purchase of German Linux distribution company Suse.
CA has been highly acquisitive of late, notching up more than US$1.7 billion in acquisitions over the past 18 months, the most recent being records management software and services vendor MDY Group International Inc. earlier this month.
As CA's CTO, Nugent will watch over the vendor's technology vision and strategy.
CA has also created a new position for company veteran Sam Greenblatt, 55, whose tenure at the firm dates back to 1994. He's one of the very few executives to survive the management cull after an accounting scandal several years back.
Since officially taking over as chief executive officer in February 2005, John Swainson has been trying to reinvent the company, which changed its name last year from Computer Associates International Inc. to CA as a way to leave its past behind.
Most recently CA's senior vice president of technology, Greenblatt becomes senior vice president of innovation with his responsibilities including intellectual property, government technical standards, open systems, research and CA Labs. He reports to Swainson.
CA is still troubled financially. The vendor delayed issuing its final fourth-quarter and full fiscal 2006 results and restated its third-quarter results late last month. In part, the new sales-commission plan was to blame with CA having to pay out higher sales commissions than it had expected.
In a June 13 filing with the U.S. Securities and Exchange Commission, CA said that it expects to issue fourth-quarter and full fiscal 2006 results after the market closes on June 29.