Enterprise software provider CA Technologies has appointed Michael Gregoire as its new chief executive officer after a six-month search.
Gregoire, 46, has worked in the software and IT services industry for 25 years, most recently at the helm of cloud enterprise software firm Taleo, where he managed an IPO in 2005 and helped grow revenue from $78m (£48m) to $324m (£200m). Earlier this year the firm was acquired by Oracle for almost $2bn (£1.2bn).
Further reading
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The former Taleo CEO has also worked at enterprise software firm PeopleSoft as executive vice president of global services, and as managing director of EDS's Global Financial Markets Consulting Division.
Gregoire will succeed William McCracken, 70, who has served as CEO since January 2010 and is set to retire on March 31, 2013.
"We are very pleased to have hired someone of Mike Gregoire's caliber," said Arthur Weinbach, chairman of CA's board of directors in a statement.
"He clearly stood out in the field of candidates we considered, bringing to CA Technologies a compelling track record of success, leadership skills, operating expertise and software industry vision. We expect CA Technologies employees, customers and partners to benefit from his leadership, years of experience in the software industry and customer focus," he added.
Gregoire, who will start his role on January 7, 2013, said that he was honoured to have the opportunity to lead CA Technologies.
"I accepted the position because I believe CA Technologies has a compelling value proposition, a strong reputation and a growing relevance for customers, software engineering, and partners," he said.
According to TechMarketView analyst Angela Eager, the new CEO should bring a new perspective to a company that is struggling for growth.
"This is an important consideration given the disruptive change the software sector is going through," she said.
