Michael Dell will return as chief executive officer of the company he founded, while retaining the position of chairman, the company announced on Wednesday.
He succeeds Kevin Rollins, who took the helm three years ago and whose resignation from the CEO post is “effective immediately,” according to the company. Rollins also resigned from the board of directors.
“Kevin has been a great business partner and friend,” said Michael Dell, in a press release. “He has made significant contributions to our business over the past 10 years. I wish him much success in the future.”
The company also announced that it expects its fiscal fourth-quarter results to be below the average of First Call estimates for both revenue and earnings per share.
The shuffle at the top is the second for the company in little more than a month. In December, chief financial officer James M. Schneider departed to become executive chairman of Frontier Bancshares. The computer company named Donald Carty, who formerly headed the parent company of American Airlines, as CFO and vice chairman.