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Dell Inc. (NASDAQ:DELL)’s Senior Executive Is Ready To Say Goodbye After Buyout

Written by on November 18, 2013

About $25 billion leveraged buyout has been completed by the computing company Dell Inc. (NASDAQ:DELL) and the first member of the company’s senior executive team is ready to leave the company.

The people familiar with the matter have confirmed to AllThingsD that Steve Felice, a Dell president and its chief commercial officer will be saying goodbye to the company. He will stay at Dell’s Round Rock, Texas, headquarters till early December.

Felice has been appointed as Chairman and CEO of a Chicago-based privately held company, Filtration Group that makes industrial air and water filtration gears. In an internal memo to Dell employees, the proclamation was made but hasn’t been made public so far. On Jan. 6, he will join his new post in the new company.

Felice has a proficient expertise and all the things that are required to become a CEO of a big company. So he’s leaving under his own decision. From CEO Michael Dell, the inside memorandum contains some quotes about how Felice was a chief member of the executive team and the company.

In 1999, Felice had joined the company. It was the time when the PC business was whining and Dell was the company giving the complete industry cutthroat fits. He is considered as a serious Dell veteran. He acted as a vice president and then later president of Dell’s consumer, small and medium business group and in Asia, at one time also led its operations. He was hired at Dell from DecisionOne, a computer support services vendor, where he acted as a CEO. He also worked as a VP at Bell Atlantic (now Verizon) and at Shell Oil, he gave his services.

For executives, it’s not unusual to depart a company after a buyout transition like the one Dell Inc. (NASDAQ:DELL) just went through. Though several members of the executive like enterprise head Marius Haas and software chief John Swainson are pretty new and are not likely to go anywhere else shortly.

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