BEA Systems names new CEO

Software maker BEA Systems named a new chief executive officer (CEO) on Tuesday, promoting co-founder Alfred Chuang.

Chuang currently serves as the company's president and chief operating officer and will now add the CEO title. Outgoing CEO Bill Coleman will continue as chairman and will take on a new role as chief strategy officer, the company said in a statement.

BEA makes a variety of high-end software, including the popular BEA WebLogic Server application server software and middleware products. The company competes with Oracle, IBM and other large software makers. BEA met analysts' expectations when it reported second-quarter financial results in August but warned slow spending in the technology sector was likely to hurt the company's third-quarter results.

Chuang has managed BEA's global operations, product development, marketing, services and most other major operations at the company. Coleman will continue to make strategic decisions for the company and will increase his role in developing customer relations, the company said in a statement.

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