Former head of CA quits over accounts scandal
Former chairman and chief executive of troubled software giant Computer Associates, Sanjay Kumar, has severed his ties with the company as investigations continue into its accounting practices.
Link: Ex-Computer Associates CFO admits fraud
Kumar has already resigned from the top positions at CA in April following two years of internal reviews of the company’s financial reporting process.
He originally was to move into the newly created position of chief software architect, away from the board. However Kumar has admitted that his continued presence would cause the company difficulty.
‘It has become increasingly clear to me in the past few days that my continued role at CA is not helping the company’s efforts to move forward,’ said Kumar. ‘I understood that my stepping down as chairman and CEO represented a break with the past, but I have reluctantly concluded that as long as I hold any position, focus on past issues and my current role will continue.’