McNealy steps down as CEO

After spending 22 years at the helm of Sun Microsystems, Scott McNealy has stepped down. Sun's board of directors have named Jonathan Schwartz as the new CEO, as a result of the company's on-going succession planning process.

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By  Angela Sutherland Published  April 25, 2006

After spending 22 years at the helm of Sun Microsystems, Scott McNealy has stepped down. Sun's board of directors have named Jonathan Schwartz as the new CEO, as a result of the company's on-going succession planning process. McNealy will continue as Sun chairman and take on the additional title of chairman of Sun Federal, where he will focus on Sun's key US government customers."It is an honor to take the reins of this great company from one of the industry's true visionaries," says Schwartz, who has been with Sun since 1996, when it acquired Lighthouse Design, where he was CEO. Since then, he has been a driving force within the company. During his 10-year tenure with Sun he has had five major jobs within the company where he has learned everything from labs and product development to product marketing to corporate finance, mergers and acquisitions and operations. He was named Sun's president and chief operating officer in April 2004. "Jonathan has earned the admiration and respect of our 37,900 employees, our customers and partners, and the industry as a whole. He is the ideal leader to take the helm as Sun's chief executive officer," says McNealy. "Sun has been a labor of love for me," McNealy adds. "We've helped shape the industry as it is today and the opportunities before us are immense. I look forward to a smooth transition and to working with Jonathan on company strategy in my continued role as chairman." McNealy founded Sun along with Andy Bechtolsheim, Bill Joy, and Vinod Khosla in 1982.

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