CA Announces Executive Leadership Changes
CA Technologies announced some of its executive and organizational changes. The company said that George Fischer, Executive VP and Group Executive of Worldwide Sales and Services at CA Technologies will be leaving the company after a 20 year career at CA. Throughout his time at CA, he held a number of senior positions, always focused on advancing the business and serving customers.
“I want to thank George for his many contributions over the last two decades, as well as for his partnership over the past year as we worked to re-tool the sales organization for the future,” said Michael Gregoire, Chief Executive Officer, CA Technologies.
With Fischer’s departure, CA is making the following changes that demonstrate the depth of leadership talent within the company.
Adam Elster, who currently heads CA’s Mainframe and Customer Success business, has been named Executive Vice President and Group Executive, Worldwide Sales and Services, effective immediately. “Adam has a proven track record connecting technology and innovation to customer needs,” said Gregoire, adding: “He has led some of our most important businesses and sales teams, and will help us to accelerate the transformation of our sales organization, better serve customers and drive growth.
Michael Madden, General Manager, Mainframe, will now report directly to Michael Gregoire, and will retain responsibility for CA innovations and solutions that manage and secure the dynamic data center. Dayton Semerjian, General Manager, Customer Success and Support will now report to Paul Pronsati, Senior Vice President, Global Operations and Information Technology.
Meanwhile, for the quarter ended Dec. 31, CA reported a profit of $232 million, or 51 cents a share, down from $251 million, or 55 cents a share, in the prior-year period. Excluding share-based compensation and other items, adjusted per-share earnings rose to 84 cents from 63 cents, says a Nasdaq report.
Revenue dropped 2.7% to $1.16 billion. The company has reported revenue declines for seven consecutive quarters. Analysts surveyed by Thomson Reuters had projected a profit of 70 cents a share on revenue of $1.13 billion, state the report.
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