CA CFO ResignsBy Paula Musich | Posted 2006-05-15 Email Print
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The company loses its third executive in a month as Robert Davis announces his departure.
CA announced a third executive departure on May 15 when it said that Robert Davis, executive vice president and chief financial officer, will leave.
Davis, who took over the CFO job in February 2005, follows the announcement last week that CA's Chief Technology Officer Mark Barrenechea is leaving. In mid-April Chief Operating Officer Jeff Clarke announced his departure.
No reason was given for Davis' departure, although CA called it a mutual agreement.
Barrenechea, CTO and executive vice president, will leave CA in June to work for technology investment firm Garnett & Helfrich Capital in Menlo Park, Calif.
COO Clarke, who had been interim CFO prior to Davis, left CA last month to become CEO of the Travel Distribution Services division of Cendant.
CA named Senior Vice President and Corporate Controller Robert Cirabisi to be the latest interim CFO while it searches for a permanent replacement for Davis.
The company did not disclose the reason for Davis' departure, nor did it say what he would be doing. Davis has agreed to stay on for a short period of time to smooth the transition to a new executive, according to the company.
CA spokesperson Dan Kaferle said that none of the departures are related, but he could not comment on the reason for Davis' departure or on what he plans to do.
"It's never good [when] the CFO leaves. That's not good news, and three in a row said Ray Paquet, managing vice president at Gartner, in Lowell, Mass.
Read the full story on eWEEK.com: CA CFO Resigns