In a significant change to its executive leadership team, Dell Technologies announced on September 8, 2025, that Chief Financial Officer Yvonne McGill will step down from her role effective September 9. The announcement comes as a surprise to many in the industry, given McGill’s long-standing tenure with the company and her deep involvement in shaping its financial strategy over the years. McGill’s departure follows nearly three decades of service at Dell, during which she held multiple key positions and played a critical role in steering the company through periods of transformation, expansion, and innovation.
David Kennedy, Senior Vice President of Global Business Operations and another long-serving executive at Dell, will assume the position of interim CFO. Kennedy, who has been with the company for 27 years, previously served as CFO for the Client Solutions Group and has extensive experience managing Dell’s financial operations. McGill will remain with the company in an advisory capacity until October 31, providing continuity and support during the leadership transition.
Despite the abrupt nature of the announcement, Dell has taken deliberate steps to assure investors and stakeholders that the company remains on firm footing. In a regulatory filing, Dell emphasized that McGill’s resignation was not prompted by any disagreements regarding the company’s financial practices, reporting procedures, or internal operations. The company reaffirmed its financial outlook for both the third quarter and the full fiscal year, projecting confidence in its current trajectory. Following the announcement, Dell shares saw a modest dip in after-hours trading, falling by approximately 1.8 percent, but analysts noted that the reaffirmed guidance helped temper any potential investor unease.
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McGill’s departure is the latest in a series of internal changes at Dell. Earlier in the year, the company saw the exit of its chief accounting officer, as well as layoffs within its sales teams as part of a broader cost-cutting initiative. Additionally, Dell’s PC division underwent restructuring under the leadership of Chief Operating Officer Jeff Clarke. These developments suggest that the company is in the midst of a larger strategic recalibration, aiming to streamline operations and enhance long-term efficiency.
In her time as CFO, McGill played a key role in executing Dell’s financial strategy, overseeing budgeting, forecasting, and investor relations. She also held senior roles such as corporate controller, chief accounting officer, and CFO of both the Infrastructure Solutions Group and Dell’s Asia-Pacific operations. Her financial leadership was instrumental in managing Dell’s performance during challenging periods, including global supply chain disruptions and shifting demand patterns in the personal computing and enterprise technology sectors.
In a statement following the announcement, McGill expressed gratitude for her time at Dell, describing her tenure as fulfilling and impactful. She indicated that the decision to step down was a personal one, taken after careful consideration and with a sense of optimism for what lies ahead. CEO Michael Dell praised McGill’s long-standing service and partnership, highlighting her contributions to the company’s growth and resilience. Jeff Clarke, Dell’s COO, also expressed confidence in Kennedy’s ability to lead the finance team through the transition, pointing to his deep knowledge of Dell’s internal operations and long history with the company.
David Kennedy’s appointment signals Dell’s commitment to internal succession and operational continuity. Having risen through the ranks, Kennedy is well-acquainted with the company’s financial architecture and strategic priorities. His interim appointment provides a measure of stability at a time when broader economic uncertainties and rapidly evolving technology markets continue to place pressure on enterprise leaders.
From an investor standpoint, the announcement comes ahead of Dell’s scheduled Securities Analyst Meeting in October, where the company is expected to outline its long-term financial strategy and performance targets. Analysts anticipate that Kennedy will play a central role in presenting Dell’s financial roadmap during the event, offering insights into how the company plans to navigate macroeconomic headwinds and capitalize on new growth opportunities, including AI-driven infrastructure and hybrid cloud solutions.
Additionally, regulatory filings indicated that McGill will receive a pro-rated bonus for fiscal year 2026, estimated at over half a million dollars, acknowledging her service and performance through the current fiscal period. While the financial terms of her departure were not unusual, they underscore the importance of her role in maintaining Dell’s operational and fiscal discipline.
Overall, McGill’s departure marks a meaningful shift in Dell’s executive leadership, but one that appears to have been carefully planned and strategically managed. By elevating a veteran executive to the interim CFO role and reaffirming its financial outlook, Dell is signaling its intention to maintain continuity and confidence in its business operations. The coming months will reveal how this transition shapes Dell’s financial strategy moving forward, particularly as the company continues to navigate a dynamic and highly competitive technology landscape.
