Dell has picked an airline industry veteran to pilot the financial part of its technology business through turbulent times.Dell Tuesday named Donald Carty as vice chairman and chief financial officer (CFO), replacing James Schneider, who previously announced plans to leave for the position of executive chairman of the board of Frontier Bancshares. Carty has been a Dell director since 1992, and chair of its audit committee. He served as chairman of the board and chief executive officer (CEO) of AMR, the parent of American Airlines, from 1998 to 2003. He also served as CFO of AMR and president of AMR Airline Group and American Airlines.The U.S. Securities and Exchange Commission began a formal investigation of Dell in November into certain accounting and financial reporting matters. The Dell audit committee Carty chairs began conducting its own investigation in August 2005 after learning that the SEC had begun an informal investigation of the company’s revenue recognition and accounting practices for past fiscal years. Dell’s internal audit revealed that the company may have misstated prior financial reports, including accruals, reserves and other balance sheet items.“Don has had a long association with the company and we are delighted that he is joining our senior leadership team,” said Michael Dell, chairman and founder of Dell, in a statement. Dell reported improved earnings in third-quarter results on Nov. 21, compared to the previous year’s quarter, but the announcement had to be delayed by five days because of issues surrounding the accounting investigation.-Robert Mullins, IDG News Service (San Francisco Bureau)Related Links: Dell to Stick With Direct Sales Model in China Dell, Microsoft Team on Storage Technology Greenpeace Again Ranks Nokia, Dell Highest in ‘Green Electronics Guide’Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content brandpost Sponsored by Huawei Beyond gigabit: the need for 10 Gbps in business networks Interview with Liu Jianning, Vice President of Huawei's Data Communication Marketing & Solutions Sales Dept By CIO Online Staff Nov 30, 2023 9 mins Cloud Architecture Networking brandpost Sponsored by SAP Generative AI’s ‘show me the money’ moment We’re past the hype and slick gen AI sales pitches. Business leaders want results. By Julia White Nov 30, 2023 5 mins Artificial Intelligence brandpost Sponsored by Zscaler How customers capture real economic value with zero trust Unleashing economic value: Zscaler's Zero Trust Exchange transforms security architecture while cutting costs. By Zscaler Nov 30, 2023 4 mins Security brandpost Sponsored by SAP A cloud-based solution to rescue millions from energy poverty Aware of the correlation between energy and financial poverty, Savannah Energy is helping to generate clean, competitively priced electricity across Africa by integrating its old systems into one cloud-based platform. By Keith E. Greenberg, SAP Contributor Nov 30, 2023 5 mins Digital Transformation Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe