By Nathalie Tadena
Dell Inc. (DELL) said venture capitalist James Breyer plans to
retire from the computer company's board, a move that comes as he
also steps down from the boards of Facebook Inc. (FB) and Wal-Mart
(WMT).
Mr. Breyer, a partner at Accel Partners, has been a member of
Dell's board since April 2009 and is the current chair of its
finance committee. He will continue to serve as a director until
the company's annual meeting, but will not stand for re-election,
Dell said.
"Dell and its stockholders have benefitted greatly from the
leadership and perspective Jim has provided during his tenure on
the Dell board," said Chairman and Chief Executive Michael Dell.
"We're grateful for his guidance and we wish him well in all his
future endeavors."
Mr. Breyer's decision to resign from Dell's board comes as the
company pursues a $24.4 million buyout offer from its founder Mr.
Dell and investment firm Silver Lake Partners.
Facebook on Friday disclosed that Mr. Breyer was stepping down
from its board. Mr. Breyer also announced last week that he wasn't
standing for re-election to Wal-Mart's board.
Dell shares closed at $13.34 and were unchanged after hours. The
stock is up 32% since the start of the year.
Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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