Computer Associates will name recently departed IBM exec John Swainson as its new CEO, according to a variety of news reports.
Swainson will take over from interim head Kenneth Cron, who filled in for Sanjay Kumar after Kumar stood down over fraud allegations in April. In fact, Kumar did a Bill Gates and created the post of "chief software architect" for himself, but was forced to quit in June before finally being charged with fraud in September.
John Swainson only left his post at IBM in the last few days and until July was general manager of IBM's applications and integration middleware division. He was also responsible for the company's WebSphere range. In July, he was reassigned to become IBM's head of software sales.
He will taking over a Computer Associates decimated by an accounting scandal where future revenues were recorded as having been received in order to artificially inflate results. The fallout has seen the company fined $225 million, over a dozen staff employees in its legal and accounting departments fired, and its chief financial officer and two former vice presidents of finance pleading guilty to improper accounting.
Swainson's main task will be to increase revenue and cut costs. CA has already announced a programme of layoffs.
Neither IBM nor CA have made any comment on the appointment.
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