Michael Dell has returned to run the company he founded and turned into one of the world's largest system builders after Kevin Rollins, formerly Chief Executive Officer, resigned yesterday.
Rollins also resigned from the board of directors with immediate effect, too.
On Wednesday, representatives from the system builder warned that its fourth-quarter profits would be lower than expected, too.
The company has started to feel the strain in the wake of disappointing earnings and after the recall of 4.1 million potentially flammable notebook batteries manufactured by Sony.
Dell was CEO of his company between 1984 and 2004, at which point he hand picked Mr. Rollins as his successor.
"Kevin has been a great business partner and friend," said Mr. Dell. "He has made significant contributions to our business over the past ten years. I wish him much success in the future."
He also added that "Dell has tremendous opportunities ahead of it. I am enthusiastic about Dell 2.0, which includes our plan to provide the best customer experience, build a strong global services business and ensure our products deliver the best long-term customer value."
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