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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 […]
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 […]
DXC in talks with Asian buyout firm
DXC Technology Co. and Baring Private Equity Asia Ltd. are in talks after the Asian buyout firm approached the Ashburn-based Fortune 500 information technology services firm with a potential takeover, Bloomberg reported Tuesday. DXC has been working with advisers after receiving interest from a private equity firm in late September and said in a statement Tuesday […]
