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The Associated Press
ROUND ROCK, Texas – PC maker (Nasdaq: DELL) said Tuesday that Sallie Krawcheck is resigning from its board to focus more on her work at Bank of America Corp., (NYSE: BAC) which she recently joined as president of its global wealth and investment management division.
Shantanu Narayen, president and CEO of software company Adobe Systems Inc., has been named to Dell’s board effective immediately. Narayen, 46, will stand for election at Dell’s next shareholder meeting. He has served as Adobe’s CEO since 2007.
Dell operates one of its largest manufacturing plants in Winston-Salem, N.C.
Bank of America in August named Krawcheck, a former Citigroup Inc. chief financial officer, to the global wealth post as part of a series of management changes.
Dell’s shares closed earlier down 50 cents, or 3.2 percent, at $15.17.
