Dell Names Airline Veteran to CFO Post
Dell named former AMR chairman and chief executive officer Donald J. Carty to the posts of vice chairman and chief financial officer.
The management move comes as Dell tries to reverse a steep earnings slump. The computer maker has also delayed reporting quarterly earnings amid questions about accounting issues.
Carty succeeds James M. Schneider, who will remain with the company through the end of the current fiscal year for transition purposes, Dell said. Carty’s promotion is effective Jan. 1, 2007.
Carty has been a member of Dell's board of directors since 1992 and served as chairman of the audit committee.
Carty served as chairman of the board and chief executive officer of AMR, parent of American Airlines, from 1998 to 2003. His last days were marked by conflict with the airline's unions as management tried to slash costs amid a severe industry downturn. Carty also held the chief financial officer post at AMR.
Dell founder and Chairman Michael Dell said, "Don has had a long association with the company and we are delighted that he is joining our senior leadership team."