DXC Technology’s Board of Directors unanimously appointed Raul Fernandez as President and CEO, effective immediately. Fernandez formerly filled these roles on an interim basis, and has also served as CEO for several companies in addition to his capacity as a member of DXC’s Board of Directors, since 2020.
“After a thoughtful evaluation of Fernandez’s leadership and operational expertise, as well as his deep knowledge of DXC from his time on the Board of Directors and as Interim CEO, the Board determined that he is the right leader to advance DXC’s strategic plan and position the company for long-term growth,” said DXC Chairman, David Herzog. “Since Raul assumed the Interim role in December, the Board has seen firsthand his ability to build upon DXC’s successes, including with our trusted client relationships, while driving improved performance to best serve our customers, team members and investors over the long-term. The Board has full confidence in Raul’s ability to strengthen DXC’s position within the industry, support our transition from stability to profitable growth and drive value for our shareholders.”
“I am thrilled to be leading DXC as President and CEO,” added Fernandez. “I have long been impressed by the mission-critical and digital solutions that we provide to our clients and the talented team of 131,000 DXC colleagues working to serve clients around the world. During my time on the Board and as Interim CEO, I have gained a deeper understanding of DXC’s operations and identified opportunities to enhance our geographic go-to-market execution, further strengthen our financial performance and create an environment to grow and develop talent. I am incredibly excited to continue working with our global DXC team and the Board to execute upon our existing growth strategy as we deliver value for our shareholders and clients.”
As a result, the board will suspend its previously announced CEO search process.
Fernandez currently serves as Vice Chairman and co-owner of Monumental Sports & Entertainment; a Director for Braodcom; an Alternate Governor for the NBA 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 other private companies.
He has overseen a number of technology-focused companies during the course of his career, including Proxicom, Dimension Data North America, ObjectVideo, GameStop, Kate Spade & Co and Capitol Investment Corp. V. He is also a former member of the President’s Council of Advisors on Science and Technology.
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