Siebel will continue to serve as chairman, while former IBM executive Mike Lawrie assumes the CEO post, the company said Monday.
Lawrie, a 26-year IBM veteran, was most recently senior vice president and group executive of sales and distribution at Big Blue.
"Mike Lawrie is the single best choice to lead and take Siebel Systems to the next level and expand Siebel's CRM market leadership to drive significant growth throughout the next decade," Siebel said in a statement.
Siebel Systems, based in San Mateo, Calif., appears to be emerging from a financial rough patch. The company recently reported a sixfold increase in first-quarter profits and double-digit growth in software sales. The surge in business comes after three years of lackluster earnings and a restructuring.
