Dell CFO stepping down in January

Jim Schneider, Dell's chief financial officer, will step down from his position by the end of January, while the SEC continues to investigate the company's accounting practices.

Donald Carty, the former chief executive and chief financial officer of AMR--the parent company of American Airlines--will replace Schneider, Dell announced Tuesday. 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. He will officially start his executive duties on January 2, with Schneider staying on until the end of the month to help with the transition, a company representative said.

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