After 25 years at the helm, CA founder Charles Wang is retiring as chairman and a member of the board of directors.

The board has elected president and chief executive officer Sanjay Kumar to succeed Wang as chairman. The board also named Wang to the honorary position of chairman emeritus.

Wang founded Computer Associates in 1976 along with three colleagues in New York City. He was born in Shanghai, China in 1944 and moved to the United States with his family in 1952.

Wang plans to pursue other interests and charitable endeavours. He is very active in charitable causes such as The Smile Train, the National Center for Missing and Exploited Children, and many other philanthropic activities focused on children.

Meanwhile, Kumar, 40, joined CA in 1987 and has served as president and chief executive officer of CA since August 2000.

“”CA’s accomplishments have been remarkable in the face of radical technological change, industry consolidation, and rapid growth,”” said Kumar in a statement. “”Charles’ ability to build, guide, and change the CA business over 25 years is truly an inspiration. From the first multi-platform software products, to the first integrated set of software solutions, to the broadest portfolio of software solutions in the industry today, Charles led the way for CA and for the industry.””

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