Dell announced the appointment of Donald J. Carty to serve as the company’s vice chairman and chief financial officer, effective Jan. 1, 2007.
Carty has been a member of the company’s board of directors since 1992 and for much of that time has served as chairman of the Audit Committee. From 1998 to 2003, Carty served as chairman of the Board and CEO of AMR Corporation. He also previously served as president of AMR Airline Group and American Airlines, Inc. Prior to that he was the chief financial officer and held various other executive positions at AMR and its subsidiaries. Carty has also served as a director of a number of public companies, including Sears Holding Corporation, Barrick Gold Corporation, CHC Helicopter Corporation, and Hawaiian Holdings, Inc. Carty is chairman of the Big Brothers Big Sisters of America, a member of the Board of Trustees of Southern Methodist University and of the Executive Board of the SMU Cox School of Business, and a member of the board of directors of the Dallas Center for the Performing Arts Foundation.
Carty succeeds James M. Schneider, the company’s senior vice president and chief financial officer. Schneider will remain with the company through the end of the current fiscal year to assist Carty in his transition. Schneider has recently agreed to become executive chairman of the Board of Frontier Bancshares Inc.
Schneider joined Dell in September 1996 from MCI Communications Corp., where he was senior vice president of finance. Before joining MCI in 1993, Schneider was associated with Price Waterhouse for 19 years, including 10 years as a partner.
Thomas W. Luce, III, a member of the board of directors, will assume Carty’s duties as chairman of the board’s audit committee. Carty, who as CFO will report to Rollins, will continue to serve as a member of the company’s board of directors and will continue to work directly with Luce and the audit committee in connection with the ongoing investigation previously disclosed.
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