Dell’s Internal Shake-Ups Continue With CFO Departure

Dell Technologies and its CFO, Yvonne McGill, mutually agreed that she would step down, according to a regulatory filing on Monday. The news comes after upheaval at Dell this summer saw its chief accounting officer depart, widespread layoffs in the company’s sales teams, and its PCs president get replaced.

Dell Technologies CFO Yvonne McGill, a regular voice on the company’s quarter earnings calls and a Dell employee for nearly 30 years, is stepping down, which according to a regulatory filing, was a decision reached by Dell and McGill.

“As I reflect on my 28-plus years with Dell, I am incredibly honored to have worked alongside such a talented global team. I am proud of all we have accomplished together and believe that after such long service with one company this is the right time for me to embark on my next chapter,” she said, according to a press release.

While McGill will remain with the company until Oct. 31 — the end of the quarter — as of Sept. 9, she will be replaced as CFO by executive David Kennedy, who will work on an interim basis until Dell finds a permanent replacement.

“I want to thank Yvonne for nearly three decades of partnership and for her significant impact throughout her career at Dell,” said Michael Dell, chairman and CEO of the Round Rock, Texas-based tech giant, in a press release. “She has been a tremendous contributor as CFO and across almost all parts of our company – with prior leadership roles including corporate controller, ISG CFO and chief accounting officer. We are grateful for her help in facilitating a smooth transition by serving as a resource to David and the rest of the management team over the coming weeks, as we search for our next CFO. Yvonne’s leadership has made a lasting mark, and we wish her all the best in what’s next.”

According to an 8-K filing with the U.S. Securities and Exchange Commission on Monday, McGill’s decision to resign her position is “not the result of any disagreements with the Company on any matter relating to its financial statements, internal control over financial reporting, operations, policies or practices.” McGill (pictured above) will receive a cash payment reflecting a pro rata bonus for fiscal 2026 in an amount equal to approximately $562,500, the company stated.

McGill’s replacement, Kennedy, is 48 years old. He has been with Dell since 1998. Kennedy was most recently senior vice president, global business operations, finance, a job he started in February 2023. Before that, Kennedy’s title was senior vice president and chief operating officer for global sales, which he won in 2020.

“We are fortunate that David (Kennedy) will transition to the CFO role on an interim basis,” the company’s COO, Jeff Clarke, said in a statement. “With 27 years of experience at Dell and significant contributions including serving as the CFO of CSG, David is well suited to provide immediate leadership for our finance team and the company.”

Clarke said Dell’s leadership remains confident in its strong market position, ongoing growth and long-term value creation. In the statement, the company also reaffirmed its guidance for the third quarter and full year that McGill provided less than two weeks ago during the company’s earnings call.

This is the latest shake-up for Dell, which saw widespread sales layoffs earlier this summer as well as a reorganization of its PC business with Clarke being placed in charge of that unit.

McGill’s departure comes less than a month after Dell’s former chief accounting officer, Brunilda Rios, stepped down. She was replaced by Richard Sharp, who has worked for Dell since 2012, most recently as vice president, corporate accounting and reporting, a role he has been in since April 2021.