Fergie's Tech Blog

McNealy to Step Down as Sun Microsystems CEO

An AP newswire article by Dan Goodin, via Yahoo! News, reports that:

Scott McNealy, a co-founder of Sun Microsystems Inc., said Monday he will step down immediately as chief executive of the company he has led since 1984.

Jonathan Schwartz, the company's president, will retain that position and take over as chief executive, McNealy said on a conference call to announce third-quarter results that included a wider loss on higher revenue.

McNealy will remain as Sun's chairman and a full time employee on the Santa Clara-based company.

posted by Fergie @ 4/24/2006 03:39:00 PM