DXC Technology has announced that it had appointed Raul Fernandez as its new President and Chief Executive Officer, succeeding former Accenture Operations Group CEO Mike Salvino, who left the business in December 2023.
Founded in 2017 when Hewlett Packard Enterprise's Enterprise Services business unit merged with Computer Sciences Corporation, DXC Technology is a Fortune 500 global IT services leader with more than 130,000 people in over 60 countries.
Fernandez was appointed Interim President and CEO of the IT services company in December following Salvino’s departure, with an announcement at the time saying its board would begin a search for a successor.
But announcing Fernandez had been appointed as the permanent CEO and President in February 2024, David Herzog, Chairman of the Board, said Fernandez is ‘the right leader to advance DXC’s strategic plan and position the company for long-term growth’.
“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,” Herzog commented. “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.”
New DXC Technology CEO Raul Fernandez brings three decades of executive experience
An entrepreneur, investor, executive and board member, Fernandez was appointed President and CEO of DXC Technology in February 2024 and has been a member of the Board of Directors since August 2020.
Fernandez brings more than three decades of executive experience scaling innovative and rapidly growing technology companies. He was the founder of Proxicom, which under his leadership evolved into a prominent early global provider of ecommerce solutions for Fortune 500 companies, guiding the growth of Proxicom from its launch in 1991 to public listing in 1999, when the business was acquired by Dimension Data.
From 2000 to 2002, Fernandez served as Chief Executive Officer for Dimension Data North America and as a Director of its parent company, Dimension Data Holdings Plc, in 2001. He also served as Chairman and CEO for ObjectVideo, a leading developer of intelligent video surveillance software, which was sold to Alarm.com in 2017.
During George W Bush’s presidency, Fernandez served as a member of the President’s Council of Advisors on Science and Technology.
He also currently serves as a director of Broadcom, 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.
Fernandez currently serves as Vice Chairman and co-owner of Monumental Sports & Entertainment, a private partnership that owns some of Washington DC's major sports franchises, 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 regional sports network for digital, mobile and over-the-top platforms.
Born in Washington DC to immigrant parents from Cuba and from Ecuador, Fernandez is an active philanthropist, focusing his energy primarily on educational reform in the DC region. In 2000, he co-founded Venture Philanthropy Partners, a philanthropic investment organisation based in Washington DC. Passionate about making college education accessible to Washington DC’s high school students, he is also a board member of District of Columbia College Access Program and the Fernandez Foundation. Fernandez holds a Bachelor of Economics degree from the University of Maryland, and attended St. John’s College High School in Washington DC.
“I am thrilled to be leading DXC as President and CEO,” says 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.”
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