Dell CEO resigns

Kevin Rollins has resigned as CEO of Dell and chairman and company founder Michael Dell has replaced him.

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By  Dylan Bowman Published  February 1, 2007

Kevin Rollins has resigned as CEO of Dell and chairman and company founder Michael Dell has replaced him. In a statement released yesterday, the PC giant said Dell would resume the duties of chief executive, effective immediately. Rollins has also stepped down from the board of directors. In the same announcement the company also issued a profits warning that it expects both revenue and earnings for its fourth quarter fiscal year 2007 results to be down on analysts’ forecasts. The PC manufacturer has been reported as saying the appointment is not a “short-term assignment” and that the board of directors was involved in Rollin’s decision to hand in his resignation. The past year has seen increasing calls for Rollins’ departure, with Dell losing its number one spot in the PC market to rival HP, increasing criticism of its customer service and an ongoing investigation by the US Securities and Exchange Commission (SEC) into its accounting practices. “Kevin has been a great business partner and friend. He has made significant contributions to our business over the past ten years. I wish him much success in the future,” Dell himself said in a statement Dell’s Middle East operation was unavailable to provide comment this morning.

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