After nearly three decades at Dell Technologies, chief financial officer Yvonne McGill will step down on 9 September. Her duties will be taken over on an interim basis by David Kennedy, a veteran of 27 years with the company, currently serving as senior vice president of global business operations and finance.
McGill will remain in an advisory role until the end of October to ensure a smooth handover.
The sudden departure of such a key figure would have worried investors, but Dell acted quickly to calm the market.
In an official release, the company stressed that McGill’s resignation is not the result of any disagreements over financial reporting, internal controls or operational policies.
What’s more, Dell confirmed its financial forecasts for the third quarter and full year, signalling stability and no disruption to ongoing operations.
Despite these assurances, the company’s shares saw a slight decline of 1.8% shortly after the change was announced. The market will now keep a close eye on the process of finding a permanent successor to McGill.
Kennedy’s candidacy as interim CFO, given his in-depth knowledge of Dell’s financial operations, seems a natural and safe choice for the interim period.
This change, although significant, for the time being does not herald a strategic shake-up in the tech giant’s finances.
