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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. […]
DXC Technology receives takeover interest
Ashburn-based DXC Technology Co. has received takeover interest from at least one private equity firm and is working with advisers, Bloomberg reported Wednesday. A company spokesperson declined to confirm details about the potential takeover to Virginia Business, saying DXC doesn’t “comment on market rumor and speculation.” The company’s stock rose to $28.84 at 1:30 p.m. [&[...]
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 […]
DXC President/CEO adds chairman to title
Mike Salvino, president and CEO of DXC Technology Co., will be adding chairman to his title, the Ashburn-based Fortune 500 IT services company announced Tuesday. Salvino will ascend to his new position following the company’s annual stockholder meeting on July 26. He succeeds former Pfizer Inc. Chairman and CEO Ian C. Read, who is retiring […]
Va. companies aid Ukraine, pull business from Russia
McLean-based Mars Inc. and other companies with major Virginia presences are responding to the war between Russia and Ukraine, chiefly by helping employees who live in the Eastern European nation and sending other humanitarian aid to Ukraine, as well as suspending business dealings in Russia, a measure taken by many U.S. companies in recent days. […]
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 […]
DXC Technology shifts CIO to COO
Tysons-based Fortune 500 IT company DXC Technology promoted Chris Drumgoole to executive vice president and chief operating officer, it announced Thursday, when Drumgoole assumed the role. “Going forward as COO, my focus will be to further enhance the productivity of our workforce, simplify and streamline operations and processes, and ensure clarity and accountability while meeting […]
DXC Technology says ‘non, merci’ to French company’s purchase bid
Three weeks after receiving an unsolicited and nonbinding offer to purchase all of its shares, Tysons-based Fortune 500 IT services company DXC Technology’s board has turned down the proposal from Paris-based IT company Atos SE, DXC announced Monday. According to DXC’s statement Monday night, its board determined Atos’ offer was too low and lacked certainty, […]
DXC Technology receives unsolicited bid for all company shares
Tysons-based Fortune 500 IT services company DXC Technology confirmed Thursday it received an unsolicited, preliminary and nonbinding proposal from French information technology company Atos to buy all of the company’s shares. DXC will evaluate the proposal, according to a company statement. “Prior to receiving this proposal Wednesday night, DXC Technology had no knowledge of any […[...]
DXC Technology to pay out $650K under legacy pay discrimination allegations
Tysons-based Fortune 500 IT services company DXC Technology has entered into a conciliation agreement with the U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) and agreed to pay $650,000 in back pay and interest to resolve compensation discrimination allegations against female employees in 2012. DXC Technology was formed in 2017 when the […]
DXC names new CFO
Ken Sharp, a veteran finance leader, will assume the role of executive vice president and chief financial officer at Tysons-based DXC Technology on Nov. 30. Sharp will report directly to DXC President and CEO Mike Salvino and will oversee the company’s global financial strategy and reporting, investor relations, general accounting and controllership once he takes […]
DXC Technologies finalizes $5B spinoff of health, human services business
Tysons-based Fortune 500 IT services company DXC Technology has completed the sale of its U.S. State and Local Health and Human Services business to private equity firm Veritas Capital for $5 billion, the Fortune 500 company announced Monday. DXC Technology announced in March it would sell the business unit, which provides technology enabled, mission critical […]
