Sanjay Kumar (business executive)

Sanjay Kumar (born 1962 in Colombo, Sri Lanka) was the Chairman and CEO of Computer Associates International (now CA Technologies), until April 2004.

He immigrated with his family to the United States in 1976 to escape civil unrest in his native Sri Lanka. The family originally settled in South Carolina. He attended Furman University from 1980 to 1983, and left without completing a degree.

Kumar became an employee of Computer Associates in 1987, when it acquired UCCEL Corp. in an $800 million buy-out. Kumar was, at the time, UCCEL's director of software development and had been employed by UCCEL only for a few months.

Kumar was promoted to Vice President of Planning the following year, relocating to Computer Associates' Long Island headquarters. Over the years, he held various leadership roles at the firm. In 1989, he became Senior Vice President of Planning and in 1993 moved up to Executive Vice President of Operations. Kumar was named President and Chief Operating Officer in 1994 at age 31. Kumar succeeded the retiring Tony Wang, the older brother of Chief Executive Officer Charles Wang, as Tony was pressured to leave to make way.

In 2000, Kumar replaced his mentor Charles Wang as Chief Executive Officer of the firm and in 2002 became Chairman of Computer Associates' board of directors. Kumar is widely credited for moving CA to be more customer-friendly.

Kumar resigned as chairman and chief executive in April 2004, following an investigation into securities fraud and obstruction of justice at Computer Associates. He remained with the firm in the new position of Chief Software Architect for about six weeks before leaving the firm altogether on June 4, 2004. A federal grand jury in Brooklyn indicted him on fraud charges on September 22, 2004. Kumar pleaded guilty to obstruction of justice and securities fraud charges on April 24, 2006. On November 2, 2006, it was reported that he was sentenced to 12 years in prison and fined $8 million for his role in a massive accounting fraud at Computer Associates. As of January 2013^[update], Kumar is housed at the Federal Correctional Institution in Miami, Florida, with a projected release date of January 25, 2017.

...
Wikipedia