Changing of the Guard for Sun as McNealy Steps Down

April 25th, 2006

In the wake of yet another poor earnings report, Sun Microsystems on Monday announced that Scott McNealy is stepping down as the company’s CEO.

Effective immediately, Sun President Jonathan Schwartz will succeed him as CEO and will also retain the title of president. McNealy will continue serving as chairman of the board.

The company said the appointment is the result of Sun’s ongoing succession planning process, but analysts said that the investment community has been calling for McNealy to step down for some time.

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