Mike Salvino, serving as President and CEO of DXC, played a significant role amid substantial transitions. DXC Technology announced the resignation of its President and CEO on December 18, subsequent to the collapse of a potential acquisition deal involving the global IT solution provider. DXC announced its intention to consider both internal and external candidates for the permanent CEO role. DXC also announced David Herzog, the company’s lead independent director, as its new Chairman.
Raul J. Fernandez, a board member at DXC, has assumed the responsibilities previously held by Mike Salvino, who has served as DXC’s President and CEO since 2019 and as Chairman since 2022. Salvino has promptly resigned from his chairmanship but will continue supporting DXC’s transition to a new CEO until March 31 of the following year.
Salvino, aged 57, became the second high-ranking executive to leave DXC within recent months. Earlier, in September, Ken Sharp, the Executive Vice President and CFO departed from DXC and took on the same role at the security firm Peraton, based in Reston, Va.
Fernandez, also 57, holds extensive experience as a top executive in the IT industry. He founded Proxicom, an early provider of interactive professional services during the dot-com era, and served there from 1991 to 2001. Following this, he held a one-year tenure as the North American CEO of Dimension Data. In 2004, Fernandez assumed the positions of CEO and Chairman at ObjectVideo Labs, an early developer of computer vision technology, which was later acquired in 2017 by Alarm.com.
Presently, Fernandez serves on various Boards of Directors, including Broadcom, and has been a member of DXC’s board since August 2020. He also serves as the vice chairman and co-owner of Monumental Sports & Entertainment, a private partnership owning various sports teams and a regional sports network.
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