Michael Dell Returns to CEO Role

Feb 04, 11:05 PM

Current Headlines: DELL Inc announced last Wednesday that Michael Dell has assumed the duties of chief executive officer. Dell, who will retain his duties as chairman of the board, replaces Kevin Rollins.

"The board believes that Michael's vision and leadership are critical to building Dell's leadership in the technology industry for the longterm," said Samuel A. Nunn, presiding director of Dell's board. "There is no better person in the world to run Dell at this time than the man who created the Direct Model and who has built this company over the last 23 years."

"Dell has tremendous opportunities ahead of it," said Dell. "I am enthusiastic about Dell 2.0, which includes our plan to provide the best customer experience, build a strong global services business and ensure our products deliver the best long-term customer value."

Rollins has resigned from both his position as CEO and as a member of the board of directors.

In its statement, the company also said that it expects its fourth quarter fiscal year 2007 results to be below the average of first call estimates for both revenue and earnings per share.

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