|[December 12, 2012]
CA Technologies Names Michael P. Gregoire Chief Executive Officer
ISLANDIA, N.Y. --(Business Wire)--
The Board of Directors of CA Technologies (News - Alert) (NASDAQ: CA) today announced
the unanimous election of Michael P. Gregoire, 46, as the company's new
chief executive officer, effective January 7, 2013. A 25-year veteran of
the software and IT services industries, Gregoire also was elected to
the CA Technologies Board of Directors.
Former Taleo Corp. chairman, president and CEO Michael P. Gregoire, Named CA Technologies CEO
He will succeed William E. McCracken, 70, who has served as CA
Technologies chief executive officer since January, 2010 and who is
retiring effective March 31, 2013. McCracken also will leave the CA
Technologies Board of Directors effective January 7, 2013.
"I am honored to have the opportunity to lead CA Technologies," Gregoire
said. "I accepted the position because I believe CA Technologies has a
compelling value proposition, a strong reputation and a growing
relevance for customers, software engineering, and partners. It is clear
that CA Technologies is well-positioned to lead the industry as
companies find it more critical than ever to manage and secure their IT
environments in the cloud and efficiently provide business services that
enable them to win in the marketplace."
Most recently, Gregoire was chairman, president and chief executive
officer of Taleo Corp., a cloud-based talent management software
company. During his seven years leading Taleo, Gregoire successfully
managed an IPO in 2005 and grew revenue from $78 million to $324
million. Taleo was acquired early in 2012 by Oracle (News - Alert) Corp. for nearly $2
Before joining Taleo, Gregoire spent four years at PeopleSoft, Inc., a
provider of software solutions for human resource management, financial
management, supply chain, customer relationship management and
enterprise performance management. While there, he was the executive
vice president of PeopleSoft Global Services, leading a team of 4,000
professionals with annual revenue of $2 billion.
Gregoire also spent 12 years at EDS (News - Alert) Corp., where he held a number of
senior positions including executive director of the global Financial
Markets Group, chief technologist for Manufacturing and Financial
verticals, as well as several architecture and project management
"We are very pleased to have hired someone of Mike Gregoire's caliber,"
said Arthur Weinbach, chairman of the Board of Directors, CA
Technologies. "He clearly stood out in the field of candidates we
considered, bringing to CA Technologies a compelling track record of
success, leadership skills, operating expertise and software industry
vision. We expect CA Technologies employees, customers and partners to
benefit from his leadership, years of experience in the software
industry and customer focus."
Gregoire will relocate to the New York area.
In making the announcement, Weinbach said McCracken will continue to
lead the company until Gregoire joins on January 7, 2013. He will assist
Gregoire in the transition until his retirement on March 31, 2013. The
company also said it has entered into a consulting agreement with
McCracken to further help with the transition through December 31, 2013.
"The Board of Directors an the employees of CA Technologies appreciate
Bill McCracken's leadership over the past three years and his success in
building a customer-centric company with a forward-looking strategy,"
said Weinbach. "Over his tenure, Bill has repeatedly shown his devotion
to the company, our customers and employees. We want to thank him for
all he has done for CA. We are very grateful."
Gary Fernandes, the director who led the Board search committee added:
"The Board followed a vigorous search process during the past six
months. As the search progressed, it became clear to us that Mike
Gregoire is exactly the kind of leader CA Technologies needs. Mike has
been a winner in everything he has done in his business and personal
lives. He is the ultimate competitor and has a fierce desire to succeed
in everything he does. The Board looks forward to working with him."
Gregoire holds a Bachelor of Science degree in physics and computing
from Wilfred Laurier University and a Master of Business Administration
degree from California Coast University. He also serves on the Board of
Directors of ShoreTel (News - Alert), Inc. (NASDAQ: SHOR), a telecommunications company.
About CA Technologies
CA Technologies (NASDAQ: CA) provides IT management solutions that help
customers manage and secure complex IT environments to support agile
business services. Organizations leverage CA Technologies software and
SaaS (News - Alert) solutions to accelerate innovation, transform infrastructure and
secure data and identities, from the data center to the cloud. Learn
more about CA Technologies at www.ca.com.
Follow CA Technologies
Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this communication (such as statements containing
the words "believes," "plans," "anticipates," "expects," "estimates,"
"targets" and similar expressions) constitute "forward-looking
statements" that are based upon the beliefs of, and assumptions made by,
the Company's management, as well as information currently available to
management. These forward-looking statements reflect the Company's
current views with respect to future events and are subject to certain
risks, uncertainties, and assumptions. A number of important factors
could cause actual results or events to differ materially from those
indicated by such forward-looking statements, including: the ability to
achieve success in the Company's strategy by, among other things,
effectively rebalancing the Company's sales force to increase
penetration in growth markets and with large enterprises that have not
historically been significant customers, enabling the sales force to
sell new products, improving the Company's brand in the marketplace and
ensuring the Company's set of cloud computing, Software-as-a-Service and
other new offerings address the needs of a rapidly changing market,
while not adversely affecting the demand for the Company's traditional
products or its profitability; global economic factors or political
events beyond the Company's control; general economic conditions and
credit constraints, or unfavorable economic conditions in a particular
region, industry or business sector; the failure to adapt to
technological changes and introduce new software products and services
in a timely manner; competition in product and service offerings and
pricing; the failure to expand partner programs; the ability to retain
and attract adequate qualified personnel; the ability to integrate
acquired companies and products into existing businesses; the ability to
adequately manage and evolve financial reporting and managerial systems
and processes; the ability of the Company's products to remain
compatible with ever-changing operating environments; breaches of the
Company's software products and the Company's and customers' data
centers and IT environments; discovery of errors in the Company's
software and potential product liability claims; the failure to protect
the Company's intellectual property rights and source code; risks
associated with sales to government customers; access to software
licensed from third parties; risks associated with the use of software
from open source code sources; access to third-party code and
specifications for the development of code; third-party claims of
intellectual property infringement or royalty payments; fluctuations in
the number, terms and duration of the Company's license agreements as
well as the timing of orders from customers and channel partners; the
failure to renew large license transactions on a satisfactory basis;
changes in market conditions or the Company's credit ratings;
fluctuations in foreign currencies; the failure to effectively execute
the Company's workforce reductions; successful outsourcing of various
functions to third parties; events or circumstances that would require
us to record a goodwill impairment charge; potential tax liabilities;
acquisition opportunities that may or may not arise; and other factors
described more fully in the Company's filings with the Securities and
Exchange Commission. Should one or more of these risks or uncertainties
occur, or should our assumptions prove incorrect, actual results may
vary materially from those described herein as believed, planned,
anticipated, expected, estimated, targeted or similarly expressed in a
forward-looking manner. The Company assumes no obligation to update the
information in this communication, except as otherwise required by law.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date hereof.
Copyright © 2012 CA, Inc. All Rights Reserved. One CA Plaza, Islandia,
N.Y. 11749. All other trademarks, trade names, service marks, and logos
referenced herein belong to their respective companies.
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