Sun Microsystems, Inc. announced that Steve McGowan, Sun’s chief financial officer (CFO) and executive vice president (EVP) of corporate resources, will retire at the end of Fiscal year 2006. The company has launched an immediate search to replace McGowan.

“It has been a privilege to work at Sun for the past 14 years and I am proud of the highly capable Finance, Legal, IT and Global Business Services team we have created,” said McGowan. “I am 100 percent committed to working with Sun’s senior management and board of directors to ensure a smooth transition.”

“It’s been an honor to work side-by-side with Steve over the past several years and I am enormously thankful for his many contributions,” said Scott McNealy, chairman and chief executive officer, Sun Microsystems. “While I am very sad to see truly one of the finest CFOs in the industry depart, I am excited for Steve as he begins a new chapter in his life and have the highest degree of confidence in the world-class Finance, Legal, IT and Global Business Services organization he leaves behind.”

A 14-year Sun veteran, Steve has more than 30 years of finance experience in the computer industry. Prior to taking the role of CFO and EVP of corporate resources, he served as vice president of finance, planning & administration for Sun’s Global Sales Operations organization. In this position, Steve was responsible for the fiduciary and planning functions for the Global Sales Operations organization worldwide, managing finance, IT, workplace resources, leasing, and Sun’s demand and supply functions.