DXC Technology announced that the Company's Board of Directors has named Board member Raul Fernandez Interim President, 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 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. Fernandez, who has been a DXC Board member since 2020, currently serves as Vice Chairman and co-owner of Monumental Sports & Entertainment, a private partnership that owns some of Washington DC's major sports franchise, including the NHL's Washington Capitals, the WNBA's Washington Mystics, and the NBA's Washington Wizards. The partnership also owns Monumental Sports Network, a first-of-its-kind regional sports network for digital, mobile and over-the-top (OTT) platforms. He also currently serves as a director of Broadcom Inc., an Alternative 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 private companies.

He has overseen a number of technology-focused companies during the course of his career, including Proxicom, which he founded and helped grow into a prominent global provider of e-commerce solutions to Fortune 500 companies, eventually taking it public. He later served as CEO of Dimension Data North America, an information systems integration company, and then was Chairman and CEO of ObjectVideo, a leading developer of intelligent video surveillance software, prior to its sale to Alarm.com in 2017. He also previously served as a director of GameStop Corp., Kate Spade & Co and Capitol Investment Corp.

V and as a member of the President's Council of Advisors on Science and Technology. Herzog, who has been a DXC Board member since 2017, has held a number of senior executive positions over the course of his career. He most recently served as chief financial officer and executive vice president of American Internal Group (AIG) after holding several other leadership positions at the company.

He is also a member of the Board of Directors at MetLife Inc. and is Chairperson of the Audit Committee.