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CA Taps Ex-Compaq CFO Jeff Clarke

Computer Associates has named Jeff Clarke its new CFO.

The appointment of Clarke is the latest chapter in a story that began in October with revelations of improper financial transactions. Those revelations led to the forced resignation of the company's CFO, Ira Zar, and placed CA under the scrutiny of the Securities and Exchange Commission and the Department of Justice concerning Zar's actions.

The SEC investigation centers around contracts that allegedly were printed with phony dates, in order to push revenue into quarters earlier than the ones in which deals had been signed. Clarke declined to comment on the ongoing investigations.

Clarke did say that under his tenure, the Islandia, N.Y., company would strive to increase the transparency of CA's accounting practices, in line with U.S. regulatory requirements, and work to improve its bottom line.

"I want to help [CA] with the strategic direction of the company," he said. "I want to add vigor around cash-flow optimization."

Clarke said he expected to see an increase in channel sales, overseen by Gary Quinn, executive vice president for CA's sales and field operations.

"[I expect] more growth for the company through indirect partners in the channel," Clarke said.

Clarke, a former CFO at Compaq, takes the reins from CA's interim CFO, Doug Robinson, who will stay on as senior vice president of finance.

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