SunGard, one of the world's leading software and technology services companies, today announced that effective July 2, 2012 Charles Neral will be its new chief financial officer.
Mr. Neral succeeds Robert Woods who has decided to leave SunGard to explore other interests.
Mr. Neral brings to SunGard more than three decades of technology industry leadership in software, finance and operations. He has held both domestic and international finance positions and has worked for both publicly and privately held companies. He also has extensive experience in strategic financial planning, product pricing, mergers and acquisitions, tax, treasury, investor relations, organizational development and financial controls. Most recently, Mr. Neral, age 53, was chief financial officer of SafeNet, a cyber-security company, from 2009 to 2012. Previously he served as vice president of finance for IBM's worldwide software business, which grew to over $20 billion during his tenure. In this role, he was responsible for global financial planning and analysis, business controls and business development and helped lead significant organic and acquisitive growth for IBM. Prior to assuming his position of vice president of finance at IBM, Mr. Neral served in a variety of financial roles across IBM's Sales, Server and Global Services organizations, including executive roles in Asia Pacific and at IBM corporate headquarters.
Mr. Neral holds a Bachelor of Science in Computer Science from Indiana University of Pennsylvania and a Masters in Business Administration in Finance from New York University.
Russ Fradin, president and chief executive officer, commented, "Chuck brings to SunGard a strong technology and operational background and extensive experience leading world-class finance organizations. We're excited to have found such a worthy successor to Bob."
Mr. Fradin continued, "We will miss the experience and steady hand Bob brought to the Company. He has been instrumental in further strengthening SunGard's financial position over the past two years. We appreciate the role Bob played in recruiting his successor and his efforts in ensuring a smooth transition. On behalf of all of us at SunGard, I thank Bob for his service and wish him much continued success in his future endeavors."