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Benzinga
Benzinga
Business
Henry Khederian

Dell Shares Fall On Surprise CFO Departure: What Investors Need To Know

Dell David Kennedy Yvonne McGill Dell Technologies Benzinga Edge Vice President
Dell Warns of Fallout From Meta’s AI Hiring

Dell Technologies Inc (NYSE:DELL) shares are trading lower Tuesday following the announcement that Chief Financial Officer Yvonne McGill will be stepping down after a nearly 30-year tenure with the company. David Kennedy, a senior vice president of Global Business Operations, has been appointed as the interim CFO, effective immediately.

What To Know: The leadership shake-up comes shortly after Dell's late August second-quarter earnings report, which showcased booming demand for its AI servers but also revealed struggles with profit margins due to rising costs and competitive pressures.

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