UPDATE 1-CA says chief executive to retire by year-end
* CA says chief executive John Swainson to retire
* Swainson will also step down as a member of the Board
* Reiterated FY 2010 outlook
Sept 2 (Reuters) - Business software maker CA Inc (CA.O: Cotización) said its Chief Executive John Swainson will retire by the end of this year.
The company, which reiterated its fiscal 2010 guidance, said it formed a committee of board of directors to look for a successor.
Swainson will remain CEO and a director of the company during the transition and plans to step down as a board member upon his retirement, the company said in a statement.
Shares of the company were up about 1 percent at $22.07 in trading after the bell. They closed at $21.86 Tuesday on Nasdaq. (Reporting by Shrutika Verma in Bangalore; Editing by Anil D'Silva)
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