CNN/Money 

Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

News > Technology
graphic
Dell's Michael Dell gives up CEO post
PC maker's founder to continue as chairman, yielding position to president Kevin Rollins.
March 4, 2004: 1:46 PM EST

NEW YORK (CNN/Money) - Dell Inc. said Thursday that Michael Dell, the PC maker's founder, will relinquish the chief executive post in July but remain as company chairman.

The company said Kevin Rollins, currently president and chief operating officer, will serve as president and CEO.

YOUR E-MAIL ALERTS
Follow the news that matters to you. Create your own alert to be notified on topics you're interested in.

Or, visit Popular Alerts for suggestions.

The move comes a day after Walt Disney Co. took the chairman's job away from Michael Eisner but kept him as CEO. But Dell (DELL: Research, Estimates)'s actions do not appear to have the any of the contentiousness that led to Eisner's ouster as chairman.

Michael Dell has taken on a role as more of a big picture thinker for the company in recent years while Rollins has assumed more of the day-to-day spotlight. Rollins has been with Dell since 1996 and was named president and COO in March 2001.

"The pending title change is consistent with current primary roles: Mr. Dell emphasizing trends in technology and customer preference, including research and development, Mr. Rollins leading company strategy and operations," the company said in a written statement.

Dell is the latest company to split the role of CEO and chairman. Oracle CEO Larry Ellison gave up his title of chairman in January. Jeff Henley, formerly Oracle's CFO, assumed the chairman position. Also in January, semiconductor firm Texas Instruments announced that long-time CEO and chairman Tom Engibous would give up his CEO role in May. Rich Templeton, Texas Instruments' chief operating officer since 2000, will take over as CEO.

Shares of Dell fell slightly in trading on the Nasdaq Thursday.  Top of page




  More on TECHNOLOGY
Nvidia Shield tablet recalled, because it can catch on fire
Why Mozilla calls this Windows 10 feature 'very disturbing'
IOS 9 makes the iPhone a smarter smartphone
  TODAY'S TOP STORIES
IOS 9 makes the iPhone a smarter smartphone
Beijing had few rivals for expensive Olympics
Gold and copper plunges: Who's at risk




graphic graphic