- Wednesday, October 16, 2024
DXC Technology, a leading IT-services provider, announced that Chief Executive and Chairman Mike Salvino will be stepping down from his roles. He will be succeeded by Raul Fernandez on an interim basis.
Salvino has been serving as the CEO of DXC since 2019 and took on the role of chairman in 2022. During his tenure, he played a crucial role in overseeing a significant restructuring process within the company. While he will immediately step down from his executive positions, Salvino will continue to provide advisory support until March 31.
To fill the vacated role of chairman, DXC has appointed David Herzog, who is already a member of the board. The company will now initiate a comprehensive search for a new CEO, considering both internal and external candidates.
Raul Fernandez, who has an impressive track record as CEO of companies like Proxicom, Dimension Data North America, and ObjectVideo, will be taking on the responsibilities of interim CEO.
Reflecting on his time at DXC, Salvino expressed gratitude for the opportunity to lead the company through a significant transformation journey. Under his guidance, DXC achieved its goal of stabilizing the business by strengthening its financial foundation and assembling a high-performing senior management team.
DXC has confirmed that its previously issued financial guidance for the fiscal third quarter and fiscal year 2024 remains unchanged. However, it should be noted that this outlook does not include any impact from amounts owed to Salvino under his employment agreement.
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