Compuware Corp. has announced that Peter Karmanos Jr. will step down as chief executive of the Detroit-based software development company he co-founded nearly 40 years ago.
The company said in a statement Monday that Karmanos will serve as executive chairman and hand over the top job to current Chief Operating Officer and President Bob Paul. The moves had been expected and are effective June 20.
Taking Paul's place will be Joseph Angileri. He joins Compuware from the accounting company Deloitte's Michigan region.
Karmanos said earlier this year that he's aiming to retire by 2013, when he turns 70 and the company turns 40.
Karmanos also owns the National Hockey League's Carolina Hurricanes and two minor-league hockey teams.