Former Dell CEO Kevin Rollins, who left the company earlier this year as Michael Dell returned to the helm of his namesake company, has signed on as a senior advisor to a private investment firm.
TPG Capital, which is based in Fort Worth, Texas, announced Aug. 1 that Rollins, 54, would join the firm as a senior advisor and would focus on technology as well as the consumer, commercial and services sectors, according to a company statement.
Rollins worked for Dell for 11 years and was Michaels Dells handpicked successor when he left the companys day-to-day operations in 2004. In January, as Dell began losing its PC market share to rival Hewlett-Packard, Rollins resigned and Michael Dell returned to his role as CEO. At the same time, the companys finances have come under scrutiny by the U.S. Securities Exchange Commission and Dell has begun an internal review of its accounting practices.
Since that time, Michael Dell has focused on bringing new, cutting-edge technology to the companys PC line, while focusing more on the consumer market. Dell has also begun a channel strategy in order to better engage the enterprise market and has looked to retail sales to bolster its direct sales model.
Before joining Dell, Rollins was a partner and director at Bain & Company, a management consulting company. Rollins earned an MBA and BA from Brigham Young University.
"Kevin is a strong addition to the TPG Capital team, not only to identify investment opportunities, but also as a key contributor to the ongoing management of TPGs technology investment portfolio," said Jim Coulter, a founding partner of TPG, in a statement.
TPG Capital is the global buyout group of TPG, a private investment firm founded in 1992. It now has more than $30 billion in assets.