Dell Loses Key M&A Exec To Private Equity Firm
Dave Johnson (pictured), Dell's senior vice president of corporate strategy and one of the driving forces behind its recent acquisition spree, is leaving Dell for a position at private equity firm Blackstone Group.
Johnson joined Dell in 2009 from IBM and oversaw its $3.9 billion acquisition of Perot Systems, which remains the largest in Dell's history.
At least one industry watcher sees Johnson's departure as a serious blow to Dell. "We view [Johnson's] departure as a crucial loss for the company and believe it materially reduces the odds of Dell’s transformation succeeding," Cindy Shaw, managing director and research analyst at Discern, said in a note to clients.