Another new CFO at CA

By on

IT management software maker CA named a new chief financial officer on Friday – the fifth person to hold the position in the past three years.

Nancy E. Cooper, 52, formerly the CFO at IMS Health, a leading provider of market intelligence for the pharmaceutical and healthcare industries, takes over for interim CFO Bob Cirabisi, who will return as the company's corporate controller.

Cooper previously served as CFO at digital rights management firm Reciprocal and international credit company Pitney Bowes Credit. She also has held roles at IBM, serving as the credit corporation's controller and treasurer.

Several CFOs have come and gone since CA's former CEO Sanjay Kumar and the company's former head of worldwide sales, Stephen Richards, were indicted on fraud charges relating to the bogus reporting of revenue to inflate the stock price.

The Islandia, N.Y.-based company currently is amid financial uncertainty after announcing last month it was delaying filing its annual report. In a June 29 statement, CA said it was holding off on filing because an internal review revealed the company "did not communicate stock option grants to individual employees in a timely manner."

A CA representative could not be reached for comment today.

Also, the statement said, after reviewing software license contracts, the company believes it has underreported subscription revenue by about $40 million.

Rumors also are swirling that CA plans to lay off 1,000 of its 15,300 workers, but a company spokesman declined to comment on the speculation, according to published reports.

Copyright © SC Magazine, US edition
Tags:

Most Read Articles

Log In

Username:
Password:
|  Forgot your password?