update Computer Associates International has hired technology industry veteran Jeff
Clarke as chief financial officer, the company said Thursday.
The 42-year old industry executive, who will also be an executive vice
president at CA, previously worked at Hewlett-Packard,
where he helped lead that company's multibillion-dollar merger with Compaq Computer. In that
effort, he was credited with significantly speeding up the cost-cutting
At HP, Clarke was an executive vice president and the company's supply chain
chief. Prior to the merger, he was CFO at Compaq. He began his career with
Digital Equipment, now
under HP, in 1985.
When he left HP in November, Clarke had said he hoped to land a job as chief
financial officer, or even higher.
Sanjay Kumar, CA's chief executive, said Thursday that Clarke "has a world of
experience in finance, operations, strategy, and he has a good track record in
dealing with customers." Clarke will help bring "cutting edge" financial
reporting processes to the company, Kumar said.
The financial situation at CA is a charged one. The U.S. Securities and
Exchange Commission has been looking into the software maker's accounting practices and other
Clarke takes over from Douglas Robinson, who has served on an interim basis
for the past six months. Robinson will continue at CA as senior vice president
for finance and will report directly to Clarke.
Clarke said on Thursday that he is committed to accelerating the reforms CA
has undergone in its financial processes with "rigorous internal processes and
tight financial and operational controls."
Although he did not comment specifically on the ongoing criminal investigations into CA's financial
dealings, he said the company remains committed to concluding the
Clarke also said CA has reorganized its sales force to drive more sales
through resellers. The channel-oriented sales organization will complement CA's
direct sales force, he said.
CNET News.com's Martin LaMonica contributed to this report.