CA appoints another new chief

Michael Christenson has been elected as CA’s new chief operating officer, following a 14-month stint as executive vice president of strategy and business development.

Michael Christenson has been elected as CA’s new chief operating officer, following a 14-month stint as executive vice president of strategy and business development.

He replaces Jeff Clarke, who is leaving the company to become chief executive of travel firm Cendant’s travel distribution services division.

Christenson first joined CA in February last year after a 23-year career as an investment banker at Citigroup Global Markets.

CA chief executive John Swainson said, "I am pleased to announce Mike Christenson as our new chief operating officer. In leading strategy and business development for the past 14 months, Mike has been instrumental in the successful acquisition and integration of nearly ten companies that have significantly broadened CA’s solutions portfolio.”  

He added, “Jeff Clarke has been an important part of CA’s transformation efforts. He came to CA two years ago when it was in the midst of a crisis and helped to stabilise the company and to recruit a top-flight management team.”

CA has enjoyed a turnaround under its new management team, after the $2.2bn (£1.2bn) accounting scandal at the company in 2004. Figures released in January this year showed third quarter net profits rising from $31m to $56m, while sales reached $967m (£569m) – up 5% on the same quarter in 2005.

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