Dell Technologies (DELL) has announced that its long-serving chief financial officer (CFO) is resigning.
The Texas-based maker of personal computers and artificial intelligence (A.I.) servers said that CFO Yvonne McGill will step down effective today (Sept. 9) after 30 years with the company.
David Kennedy, who has been with Dell for 27 years, will serve in the CFO role on an interim basis. He is currently senior vice-president of finance at the company.
McGill will stay on and continue to serve as an advisor at Dell Technologies through Oct. 31 of this year.
“McGill’s decision to resign her position is not the result of any disagreements with the company on any matter relating to its financial statements, internal control over financial reporting, operations, policies or practices,” said Dell in a news release announcing the change.
Also in the news release, Dell reaffirmed its third-quarter and full-year forecasts that were issued last month as part of its quarterly financial results.
Dell’s full-year outlook calls for revenue of $107 billion U.S. at the midpoint and earnings per share of $9.55 U.S., which was ahead of Wall Street estimates of $104.6 billion U.S. in sales and a profit of $9.38 U.S.
DELL stock has gained 6% this year to trade at $123 U.S. per share.
