ISLANDIA, N.Y.--(BUSINESS WIRE)--CA, Inc.
(NYSE: CA) today announced that Lewis Ranieri, who led CA’s
Board of Directors through one of the most critical periods in the
Company’s 31-year history, has retired from
the Board, effective December 10, 2007.
In informing the Board of his decision,
Ranieri, 60, cited family circumstances as the reason for ending his
six-year tenure on CA’s Board of Directors.
Ranieri was re-elected to CA’s Board last
August with more than 97 percent of votes cast for his election.
“I am truly
honored to have been part of the turnaround at CA, and feel I leave the
company in strong hands with a strong board led by you as its chairman
and John Swainson as its CEO,” Ranieri wrote
to William E. McCracken, CA’s non-executive
chairman of the Board.
Ranieri began his service as a director
of the Company in 2001, served as lead independent director from May
2002 to April 2004, and served as non-executive chairman of the Board
from April 2004 to June 2007.
In his role first as lead independent
director and then as non-executive chairman, Ranieri is credited with
leading the Board during the investigation of accounting improprieties,
negotiating a successful settlement with the government and rebuilding
the Company.
“The CA that
exists today is a direct result of the dedication and commitment of
Lewis Ranieri,” McCracken said.
“His unselfish leadership was key to
restoring confidence in the Company with shareholders, customers and
employees.”
“Lewis made
tremendous contributions to this Company, and his leadership has been
vital to CA's transformation,” Swainson said.
“I am personally grateful for his support and
guidance over the years. We wish him the best.”
The Company said it will not replace
Ranieri at this time. With Ranieri’s
retirement, CA’s Board now numbers 11
members.
About CA
CA (NYSE:
CA -
News),
one of the world's largest information technology (IT) management
software companies, unifies and simplifies the management of
enterprise-wide IT. Founded in 1976, CA is headquartered in Islandia,
N.Y., and serves customers in more than 140 countries. For more
information, please visit
http://ca.com.
Copyright ©
2007 CA. All Rights Reserved. One CA Plaza, Islandia, N.Y. 11749. All
trademarks, trade names, service marks and logos referenced herein
belong to their respective companies.