Dude, You're Getting a Severance Package
Michael Dell has a new turnaround plan for the company he famously founded in a University of Texas dorm room. And this one doesn’t involve Mike Cannon and Mark Jarvis, two execs he brought in as part of his last turnaround plan.
Dell (DELL) said today that Cannon, president of global operations, will retire effective Jan. 31, and Jarvis, chief marketing officer, will leave the company in the first quarter of 2009. Seems Dell is restructuring its operations around four major business segments–consumer, large enterprise, public sector and small and medium businesses–none of which apparently requires Jarvis’s and Cannon’s expertise. Odd, since Cannon was brought in specifically to improve Dell’s manufacturing operations, Jarvis to “create absolute brand lust” around its product lines.
“Over the past 24 months we have significantly improved our competitiveness, reengineered our supply chain, broadened the product portfolio and introduced Dell to more people in more places than ever before,” the company said in a statement. “Now, we’re listening to customers and responding to their desire for faster innovation and globally standardized products and services. These changes will enable us to move with even greater agility to unleash innovation and respond to our customers’ changing needs.”
Dell better hope so, because its last round of changes and the painful cost cuts and massive layoffs that went along with them clearly didn’t do much good.