Dell's Founder Surrenders CEO Role

Computer maker Dell Inc. on Thursday said founder Michael Dell would relinquish his role as chief executive,
but remain chairman, becoming the latest to split the two top roles as companies become more diligent about
governance. Dell named Kevin Rollins, its president and chief operating officer, as the next CEO, effective
July 16. Dell, which ranks second to Hewlett-Packard Co. in the personal computer market, said Rollins would
remain president and would also be nominated for election to the Dell board.

Splitting the offices of chairman and chief executive is high on the list of corporate governance reform
advocates, who favor diluting power at the top of large companies.

In recent weeks, other high-profile companies have made a similar split, including software maker Oracle
Corp., where Larry Ellison dropped his chairman title, and Walt Disney Co., which stripped that role from
Michael Eisner.

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