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DXC

Raul Fernandez
Feb 2, 2024

DXC makes Raul Fernandez permanent pres., CEO

Raul Fernandez is now the permanent president and CEO of DXC Technology, the Ashburn-based Fortune 500 IT company announced Thursday. DXC appointed Fernandez interim president and CEO in December 2023, replacing Mike Salvino in two of his three roles. David Herzog, DXC’s lead independent director, replaced Salvino as chairman of the board. Fernandez has been […]

Jan 30, 2024

Top Five February 2024

The top five most-read daily news stories on VirginiaBusiness.com from Dec. 15, 2023, to Jan. 15 were led by the announcement that Fortune 500 IT company DXC Technology replaced its top executive. 1   |   DXC Technology replaces Mike Salvino The Ashburn-based company replaced Salvino, its chairman, president and CEO, with interim President and […]

Dec 20, 2023

DXC replaces CEO, Chair Mike Salvino

DXC Technology has replaced its chairman, president and CEO, Mike Salvino, with interim President and CEO Raul Fernandez, the Ashburn-based Fortune 500 IT company announced Wednesday. Salvino had served as president and CEO since 2019 and as chairman since 2022. He will transition from his role as chairman effective immediately, and remain in an advisory […]

Aug 30, 2023

Federal Contractors | Technology 2023: MIKE SALVINO

Since 2019, Salvino has led Fortune 500 IT contractor DXC as its CEO, and he became its board chairman last year. DXC, which employs 133,000 people worldwide, has experienced declining revenue over the past few years. In fiscal year 2023, it reported $14.4 billion in revenue, down from $16.3 billion in 2022 and $17.73 billion […]

Jun 5, 2023

36 Va. companies make 2023 Fortune 1000 list

Thirty-six Virginia-based companies made Fortune magazine’s 69th annual Fortune 1000 list, notably including newcomers to the commonwealth Raytheon Technologies Corp. and Boeing Co. as Virginia’s second and third highest-ranking companies. Freddie Mac remained Virginia’s top-ranked company, at No. 45, and 24 Virginia companies made this year’s elite Fortune 500 list. Releas[...]

Mar 30, 2023

April 2023 Top Five

The top five most-read daily news stories on VirginiaBusiness.com from Feb. 14 to March 13 included an update on the Lego Group’s Chesterfield County factory, which is expected to begin production in 2025. 1  |  Lego to hire 500 Chesterfield employees by year’s end The Danish toymaker expects to create more than 1,760 jobs at […]

Oct 28, 2022

October 2022 Top Five

The top five most-read daily news stories on VirginiaBusiness.com from Sept. 14 to Oct. 14 included an announcement of a major agricultural operation in Chesterfield County expected to begin operation in late 2023 or early 2024. 1  |   Lowe’s to open distribution facility in Suffolk The North Carolina-based home improvement retailer plans to establish […]

Photo illustration by Mark Jeffries
Sep 29, 2022

Stairway to heaven

Nationally, CEO pay in 2021 reached historic highs for the second year in a row, and Virginia was no exception to this trend. The CEOs of Virginia’s largest publicly traded companies were rewarded handsomely last year, with CEO compensation rising 4.9% year-over-year to an average $8.467 million compensation package, compared with $8.068 million in 2020. […]

May 23, 2022

Gainwell Technologies hires new client engagement officer

Tysons-based Gainwell Technologies has named Karen Shields as its chief client engagement officer, the health and human services IT provider announced last week. Shields will work in collaboration with Gainwell’s project management team to anticipate and fulfill client needs, according to a news release. She previously served as deputy director for the Center for Medicaid […]

In March 2021, General Dynamics was awarded a $2.4 billion contract option to build a 10th Virginia-class submarine in collaboration with Newport News Shipbuilding. Photo by Ashley Cowan/Newport News Shipbuilding
Feb 27, 2022

Thinking big

At Virginia’s largest publicly traded companies, the past year has been a constant exercise in challenging the status quo. Some major changes could be seen at the consumer level, as Dollar Tree Inc. raised its namesake base price point to $1.25, and Capital One Financial Corp. eliminated overdraft fees for its banking customers. And the […]

Sep 29, 2021

DXC moves HQ to Ashburn, shifts to ‘virtual first’

Fortune 500 IT services company DXC Technology is leaving Tysons for a smaller headquarters in Ashburn in November, the company announced this week. DXC’s new 10,000-square-foot building is located at One Loudoun in Ashburn. The new corporate headquarters will reflect the shift to a virtual-first mentality. Employees can work from anywhere and use the office […]

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