Kumar Exits Computer Associates
Kumar, who was forced to resign as CEO to take on the lesser role of chief software architect in April, "will cease all involvement with the Company's business effective immediately" according to a statement from the Islandia, N.Y.-based software maker.
Kumar hinted in the statement that regardless of his reduced role, the difficulties of the ongoing investigations remain.
"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, who became CA's CEO in 2000. "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.
The departure marks some closure for the provider of management software for data centers, which had run afoul of the Securities and Exchange Commission (SEC) over the last few years for questionable accounting.See the complete story on internetnews.com.