Yvonne McGill is making historical past at Dell Applied sciences. She’s the primary lady to turn out to be CFO of the tech big.

Dell introduced throughout its This autumn fiscal 2023 earnings name on Thursday that EVP and CFO Tom Candy will retire from the corporate. Candy’s final day is on Aug. 4, based on Dell. McGill, company controller since 2020, will then succeed him as finance chief.

Candy joined Dell 26 years in the past and held a number of management positions earlier than turning into CFO in 2014, together with VP of company finance, controller, head of inside audit, and chief accounting officer. He’s the longest-serving CFO within the firm’s historical past. 

Chairman and CEO Michael Dell stated on the decision that Candy has guided the corporate “by super development and thru some extraordinary milestones, from the merger with EMC to returning to the general public markets to spinning off Dell’s stake in VMware.” Dell thanked Candy for his work through the years, and his friendship.

Yvonne McGill / Courtesy of Dell Applied sciences

McGill joined Dell in 1997. Her roles on the firm included CFO and SVP of the Infrastructure Options Group, chief accounting officer, and he or she led the finance perform for the Asia-Pacific, Japan, and China enterprise. Her first job at Dell was as vice chairman of finance. In McGill’s present function as company controller, her tasks embody tax, treasury, accounting, and investor relations.

“She is a confirmed finance chief, and we’re all thrilled to have her as our subsequent CFO,” Dell stated on the decision.

The firm reported document full-year income of $102.3 billion, up 1%. And $25 billion in income within the quarter ending Feb. 3, down 11% from the 12 months prior. However exceeded analysts’ estimates of $23.39 billion. Dell earned an adjusted $1.80 a share for the quarter, beating estimates. “Foreign money remained a headwind and impacted income by roughly 410 foundation factors,” Candy stated on the decision.

The private pc market slowed in June, and skilled a pointy decline in calendar This autumn, the corporate stated. Because of this, its consumer companies group income declined 23% to $13.4 billion. Infrastructure options, together with storage, networking gear, and servers, elevated 7% from the prior 12 months to $9.9 billion. Final month, Dell introduced round 5% of the corporate’s workforce will likely be impacted by the layoffs.

“Anticipate us to proceed to be disciplined in how we handle the enterprise and the present macroenvironment, specializing in what we will management and delivering for our clients,” Candy stated. “The amount and worth of information proceed to blow up, and the long-term traits are in our favor,” Dell added.

McGill takes the helm at a time when the share of CFOs at main corporations who’re ladies hit an all-time excessive. In 2022, ladies made up 16.3% of CFOs at Fortune 500 and S&P 500 corporations, based mostly on an evaluation of greater than 650 C-suite executives by the agency Crist Kolder Associates. That’s a rise from 6.3% again in 2004, when the agency started monitoring the information.

There’s nonetheless an extended method to go relating to the illustration of ladies in monetary management, however the trade is making some strides.

Have weekend. Take care.

Sheryl Estrada
sheryl.estrada@fortune.com

Huge deal

Gallup examined numerous combos of unbiased and collaborative working necessities to seek out out the quantity of workplace versus distant time that greatest supported staff. “Two to 3 days within the workplace resulted in one of the best outcomes for worker engagement and wellbeing and diminished job searching and burnout,” based on the report. “There was no discernable sample for which days within the workplace led to optimistic outcomes, though folks are inclined to favor going to the workplace on Tuesday, Wednesday, and Thursday.”

Going deeper

Listed below are a number of Fortune weekend reads:

“Learn two of the pitch decks Databricks used to turn out to be one of many world’s 10 most respected startups” by Jessica Mathews

“Amazon employees can now use their inventory as down funds after they purchase a house” by Chloe Taylor 

“Learn the letter Lux Capital despatched to its buyers warning of ‘crushing consolidation within the enterprise trade’” by Anne Sraders

“Eli Lilly caps the out-of-pocket value of insulin at $35 a month, bringing aid to hundreds of thousands of People” by Alexa Mikhail

Leaderboard

This is a listing of some notable strikes this week:

Julie Swinney was promoted to CFO at Zendesk, a customer support platform. Swinney joined Zendesk in October 2021 as SVP of finance and technique and has been serving as the corporate’s appearing CFO since November 2022. She was beforehand at Intel for over 25 years, together with serving as CFO of the cloud and enterprise information middle enterprise. 

John Gallagher was named CFO at Certara, Inc. (Nasdaq: CERT), a pharmaceutical firm. Gallagher will succeed Andrew Schemick as CFO, efficient April 1. Schemick will transition right into a newly created place as SVP of company operations and integration. Gallagher most lately served because the CFO of Cue Well being. Earlier than Cue, he labored for Becton Dickinson, the place he served in a number of roles, together with CFO of its Medical Phase, chief accounting officer, company treasurer, and FP&A Chief.

Invoice Wafford was named CFO at Qurate Retail Group (Nasdaq: QRTEA), the guardian firm of manufacturers together with QVC, HSN, and Zulily. James Hathaway, who had been serving as Interim CFO since August 2022, will turn out to be the CFO of QVC US. Wafford joins Qurate Retail Group from Everlane, the place he was the CFO. Earlier than Everlane, he served as CFO for retail corporations comparable to JCPenney, The Vitamin Shoppe, and Thrasio. 

Richard Brief was promoted to CFO and secretary at Mercer Worldwide Inc. (Nasdaq: MERC). David Ure, CFO and secretary since 2015, will likely be leaving the corporate efficient June 1. Brief most lately served as Mercer’s VP and controller. Earlier than that, from 2006 to 2014, he served in a number of positions with the corporate, together with as director of company finance and controller of economic reporting. Beforehand, Brief served as director of company finance with Catalyst Paper Company, and assistant controller at The Alderwoods Group Inc.

Jon Skoglund was named CFO at Axiad, a supplier of passwordless authentification within the identification safety house. Skoglund replaces Thomas Jahn as CFO, who’s retiring. Skoglund has greater than 25 years of expertise throughout numerous industries, together with serving as CFO at ShareThis and Axcient. He held numerous progressive monetary positions at corporations comparable to Intuitive Surgical, SGI, KPMG, and Nationwide Semiconductor.

Alvin Lobo was named CFO at Skillz (NYSE: SKLZ), a cell video games platform. Jason Roswig, who joined Skillz in August 2022 as president and CFO, will now function president. Previously CFO at Rating Media and Gaming, Lobo oversaw all monetary and accounting operations inside the group. Earlier than that, Lobo served as VP of company finance for Boyd Gaming Company, and as director of company finance and investor relations for Wynn Resorts.

Kevin Coveney was named CFO at Enveric Biosciences (Nasdaq: ENVB), a biotechnology firm, efficient March 13. Coveney joins Enveric after serving as a fractional CFO to rising life science and digital well being corporations, comparable to Progressive Therapeutics, Energy of Sufferers, and VSI. Beforehand, Coveney was CFO of Memgen, Inc., and CFO of Q-State Biosciences. Earlier than that, he was SVP of finance, HR, and IT at Vedanta Biosciences.

Overheard

“I don’t wish to be the one blind feminine CEO within the U.Ok., I would like there to be tons of us. Blind and partially sighted persons are simply too removed from the labor market—and in the event that they’re within the labor market, they’re not in senior jobs. It’s a pipeline problem. However I wish to repair that.”

—Sandi Wassmer, CEO at Employers Community for Equality & Inclusion, shared with Fortune the management classes she realized from dropping her sight in her 40s.