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Thursday, November 18, 2010

Ron Garriques is leaving Dell’s mobile business

Ron Garriques, President of Dell’s Communications Solutions business – the part of Dell responsible for its mobile products – is leaving the company. He’ll remain an employee until the end of January 2011 and will continue as a consultant for the rest of that year. As a result he’ll receive a $1.44 million severance payment, an incentive plan payment of $378,000 and consultancy fees worth $6,308,240. (That's about £5 million in total).

The consultancy agreement prevents Mr Garriques from working for a Dell competitor at the same time, so it seems unlikely we’ll be hearing much from him until 2012.

[Securities and Exchange Commission filing]

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Author: The Fonecast
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