By Graham Hayday, 18 November 2002 15:40
NEWS Charles B Wang, the chairman and co-founder of Computer Associates, has today announced his retirement. CA's chief executive officer, Sanjay Kumar, will succeed Wang as chairman. Wang's last months in charge were dominated by an ultimately unsuccessful boardroom coup led by Texan millionaire Sam Wyly. Wang said in a statement: "I never imagined that the company that I started with three colleagues and one product over 25 years ago would reach such great heights in this exciting industry. More importantly, I am confident that Sanjay and his management team will carry CA even higher in the years to come." He added: "I will remain a loyal fan and supporter of CA while I now devote more of my time and energies to my many other interests and charitable endeavours." The CA board also announced that Wang has been given the honorary position of Chairman Emeritus. Kumar, 40, joined CA in 1987 and has served as president and chief executive officer of since August 2000.
In order to post a comment you need to be registered and logged in.
Log in or create your silicon.com account below