Don Carty will leave the company in June but remain on the board of directors.
Dell's chief financial officer is leaving the company and being
replaced by the former head of a plastics company that had been part of
General Electric, company officials announced May 19.
Don Carty will leave his CFO position on June 13 and be
replaced by Brian Gladden, former president and CEO
of SABIC Innovative Plastics Holding, which had been formerly called GE
Plastics. Carty will remain on Dell's board of directors.
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The latest shake-up in Dell's corporate offices comes when the company is looking to transform itself from its traditional role
as PC maker into a more global company that focuses on technology innovations
and IT services. In April, Michael Dell detailed a plan that looked to focus on
five key areas,
including enterprise services, small and
midsize businesses, and the consumer market.
In a move to regain some of the financial stability it lost over the past years, Dell is looking to trim about 9,000
positions and begin transferring some of its PC production, especially
desktops, overseas. The company aims to save about $3 billion in costs during the next three years.
During its fiscal fourth quarter, which
ended Feb. 1, Dell's net income was $679 million, or 33 cents per share, which
is a 6.5 percent drop from the $726 million in net income the company posted a
year ago. For the quarter, Dell's revenue increased from $14.5 billion last
year to $16 billion this year. The company's next financial report is scheduled
for May 29.
In a statement, Michael Dell did not indicate
why Carty, who has been with the company since 1992 and had previously worked
as a top executive with AMR, parent company of American Airlines, decided to leave now.
"Don has played a key role in re-establishing transparency
and integrity in our financial practices and we are extremely grateful
had his leadership. We look forward to his continuing contributions and
experience," Dell said in a statement, which referred to the company's
the U.S. Securities and Exchange Commission that plagued the company's
Carty is not the only executive to leave the company.
Earlier this month, The Wall Street Journal reported the retirement of Marty Garvin, who
oversaw procurements at Dell, and the upcoming departure of Thomas Welch, a vice president in
the legal department.