CA on Friday announced that it has named Nancy E. Cooper as executive vice president and chief financial officer, three months after the software company’s previous CFO quit.
The Islandia, N.Y.-based software maker said Cooper, 52, will report to CEO John Swainson. Her appointment is effective “on or about August 15, 2006,” the company said in a news release.
CA’s previous CFO, Robert Davis, resigned in May shortly after CA warned that fiscal fourth quarter 2006 revenue would not meet expectations in part because of a decline in software orders and higher-than-expected sales commissions (see CA CFO Resigns).
Several other senior executives have left CA recently, including Gregory Corgan, executive vice president of worldwide sales, on June 5, and chief operating officer Jeff Clarke, who quit in May to run the travel services division of Cendant Corp. (see CA’s Sales Head Resigns).
Cooper most recently was CFO of IMS Health, a provider of market intelligence to the pharmaceutical and healthcare industries. She replaces Bob Cirabisi, who served as CA’s interim CFO for three months and will return to his role as the company’s corporate controller, according to CA.
CA is still dealing with the vestiges of an accounting scandal. In 2004, CA admitted it had improperly inflated revenue figures for several years, which resulted in the company restating $2.2 billion in earnings. This April, former CEO Sanjay Kumar pleaded guilty to obstruction of justice and securities fraud charges.
In a statement, Swainson said that Cooper “has a successful track record in developing and leading high-performance teams and brings an exemplary combination of business judgment, professional skills and integrity to CA.”
Prior to IMS Health, Cooper was CFO of Reciprocal, a digital rights management software firm, as well as Pitney Bowes Credit. She has also worked at equity investment firm General Atlantic Partners and IBM in various financial management roles.
Separately, CA may be considering laying off between 800 to 1,000 employees in August, according to eWEEK.com (see CA Mulls Cutting Nearly a Thousand Jobs).
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