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Posted 20 December, 2023

DXC Technology Co appointed Raul J. Fernandez as new CEO

NYSE:DXC appointed new Chief Executive Officer Raul J. Fernandez in a 8-K filed on 20 December, 2023.


  The Board of Directors (the "Board") of DXC Technology Company (the "Company" or "DXC") appointed Board member Raul J. Fernandez as Interim President and Chief Executive Officer of the Company on December 18, 2023.  

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Overview of DXC Technology Co
Business/Consumer Services • Computer Services
DXC Technology Co. engages in the provision of technology consulting, outsourcing and support services. It operates through the Global Business Services (GBS) and Global Infrastructure Services (GIS) segments. The GBS segment provides technology solutions that help clients address challenges and accelerate the digital transformations that are tailored to each client's specific objectives. The GIS segment offers a portfolio of technology offerings that deliver predictable outcomes and measurable results while reducing business risk and operational costs for customers. The company was founded in 1959 and is headquartered in Ashburn, VA.
Market Cap
$3.81B
View Company Details
DXC Technology Co by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 

The Board of Directors (the "Board") of DXC Technology Company (the "Company" or "DXC") appointed Board member Raul J. Fernandez as Interim President and Chief Executive Officer of the Company on December 18, 2023. Mr. Fernandez succeeds Michael Salvino, who no longer served as the Company's President and Chief Executive Officer on December 18, 2023. Mr. Salvino resigned as a director from the Board on December 19, 2023 and will continue to be employed by DXC in an advisory role until March 31, 2024 to help ensure a seamless transition. David L. Herzog, the Company's Lead Independent Director, was appointed Chairman of the Company. 

Mr. Fernandez, age 57, has been a member of the Board since 2020. He serves as Vice Chairman and co-owner of Monumental Sports & Entertainment, a private partnership that owns some of Washington DC's major sports franchises, including the National Hockey League's Washington Capitals, the Women's National Basketball Association's Washington Mystics, the National Basketball Association's Washington Wizards and Monumental Sports Network, a first-of-its-kind regional sports network for digital, mobile and over-the-top platforms. He also serves as a director of Broadcom, Inc., an Alternative Governor for the National Basketball Association's Board of Governors, a Special Advisor to Carrick Capital Partners, a member of the Strategic Advisory Board of Volition Capital, and a director to several private companies. 

There are no changes to the severance that Mr. Salvino is entitled to receive for termination without cause pursuant to Mr. Salvino's employment agreement dated September 11, 2019.