DXC Technology announced that the company’s Board of Directors has named Board member Raul Fernandez Interim President and CEO, effective immediately. Fernandez brings a wealth of executive and operational experience in the technology and investment sectors to the position. He has served as CEO of several companies including Proxicom, which he founded, Dimension Data North America and ObjectVideo. Fernandez succeeds Mike Salvino, who served as DXC President and CEO since 2019 and as Chairman since 2022 and provided leadership for a significant restructuring of the Company’s operations and balance sheet. In mutual agreement with the Board, he will transition from his role as Chairman of the Board, effective immediately, and will remain in an advisory role until March 31, 2024 to help ensure a seamless transition. Additionally, DXC Lead Independent Director David Herzog has been named Chairman of the Board, to work closely with Fernandez during this time. The Board will conduct a search for a successor CEO, which will include internal and external candidates.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on DXC:
- DXC Technology, ServiceNow expand partnership
- DXC Technology’s workplace solutions selected by Hanesbrands
- DXC Technology and Amazon.com’s AWS expand strategic partnership
- DXC Technology files automatic mixed securities shelf
- DXC Technology price target lowered to $24 from $29 at RBC Capital
Questions or Comments about the article? Write to editor@tipranks.com