GO
Loading...

Enter multiple symbols separated by commas

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."

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • What's taking shape in social media?

    The NBA finals start Thursday night in Oakland. Chamath Palihapitiya, Golden State Warriors co-owner and founder of The Social+Capital Partnership, discusses the games, and the social media industry.

  • CNBC update: Apple recall

    CNBC's Sue Herera reports Apple is recalling 233,000 of its Beats Pill XL speakers, and South Korea says it test-launched a new ballistic missile.

  • European markets close: Draghi speaks, bonds sell off

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the euro surging, and the bond market selling off after the ECB press conference.