Computer Associates Computer Software
Troubled software maker Computer Associates (Quote, Chart) continued a major house-cleaning Monday, naming former Vivendi Universal Games head Kenneth Cron as its interim CEO and restating $2.2 billion in revenues amid a federal accounting probe.
Cron steps into the role vacated last week by CEO Sanjay Kumar, who resigned amidst an accounting scandal the Islandia, N.Y.-based company is moving to put behind it.
Also promoted was newly-installed CFO Jeff Clarke as chief operating officer at CA. Clarke stepped in as the top financial executive only this month. Clarke will wear both hats within the company while the board of directors looks for a permanent CEO and new CFO.
The company also forced the resignation of the senior vice president of worldwide sales, Stephen Richards, who was replaced by Greg Corgan in the position. In a conference call with investors and reporters Monday morning, board chairman Lewis Ranieri said with the current team in place, he doesn't feel compelled......
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