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Dell CFO stepping down<br /> in January

Tom Krazit Former Staff writer, CNET News
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Tom Krazit

Jim Schneider, Dell's chief financial officer, is planning to leave the company at the end of its fiscal year in January to take a position at a Texas bank, the company announced Tuesday.

Schneider has been with Dell since 1996. He oversaw the company's finances during a period of strong growth, but investigators are giving Dell's accounting practices a good look this year. The company has warned that it might have to restate previous financial results.

Former American Airlines leader Donald Carty will replace Schneider. Carty has been on Dell's board of directors since 1992 and chaired the audit committee, which is conducting its own investigation into Dell's accounting practices. Carty will assume the title of vice chairman and chief financial officer, keeping his position on the board.