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TYSONS, Va .– (BUSINESS WIREDXC Technology (NYSE: DXC) announced today that the company's board of directors has elected Mike Salvino as President and Chief Executive Officer effective today.
Salvino succeeds Mike Lawrie, President and CEO of DXC since the company's inception in 2017. Lawrie has announced the retirement of the President and Chief Executive Officer. He will retire as Chairman of the Board of Directors of DXC on December 31, 2019.
"Mike Salvino, who joined DXC 's Board of Directors in May 2019, is a respected leader in the IT services industry with over 30 years of experience and a strong background in creative business development. profitable businesses offering value to customers and shareholders, "said Manoj P. Singh, chairman of the board's nominating committee.
Lawrie and the DXC board began discussing succession and retirement about a year ago. With his support, the board began a process of identifying and recruiting his successor.
"We would like to thank Mike Lawrie for guiding DXC in the successful integration and early stage of transformation," said Singh. "During his tenure, DXC has become the world's leading end-to-end IT services company and has developed significant digital capabilities to help implement its strategy. We look forward to continued leadership in this important transition. "
Salvino has recently held the position of Managing Director at Carrick Capital Partners, a private equity firm specializing in technology, where he specialized in technology-based services, including BPO, security and machine learning.
Prior to joining Carrick, Salvino spent seven years as Managing Director of Accenture's Operations Group, one of Accenture's five businesses, and was a member of Accenture's Global Management Committee. Salvino led Accenture's global operations of 100,000 people, growing the business by 20% in the past year. Salvino left Accenture for Carrick in 2016 after spending more than 22 years in the business.
"Mike Salvino is the perfect choice to lead DXC into its next phase of growth," Lawrie said. "He is a recognized leader with a strong background in business management, building relationships with clients, and creating an environment for growth and talent development.
"I had the privilege of taking on the role of Chief Executive Officer as we repositioned DXC to focus on digital transformation and how best to serve our customers," Lawrie continued. "DXC is a world-class company, built by its outstanding leaders and staff. I am proud of everything we have accomplished. "
Mike Salvino said, "DXC has an enviable customer portfolio, close partnerships with the industry and a talented global team. I look forward to leveraging these strengths and my proven operational workbook to accelerate the implementation of our growth strategy. "
Conference call and webcast today at 5:30 pm ET
Senior management at DXC Technology will host a conference call and webcast today at 5:30 pm ET. The number to dial for national callers is + 1-888-599-8686. Callers residing outside the United States should dial + 1-929-477-0448. The secret code for all participants is 9836136. The webcast audio and all presentation slides will be available on the DXC Technology Investor Relations website.
A retransmission of the teleconference will be available approximately two hours after the conclusion of the teleconference until September 18, 2019. The call number for the retransmission is + 1-888-203-1112 for national callers and the + 1-719-457. -0820 for callers residing outside the United States. The replay code is also 9836136. A transcript of the teleconference will be posted on the Investor Relations website of DXC Technology.
About DXC technology
DXC Technology, the world's leading independent and end-to-end IT services company, manages and modernizes critical systems by integrating them with new digital solutions to achieve better business results. The company's global reach and talents, innovation platforms, technological independence and extensive network of partners enable more than 6,000 private and public sector clients from 70 countries to thrive in the face of change. For more information, visit www.dxc.technology.
All statements in this press release that do not relate directly and exclusively to historical facts constitute "forward-looking statements". These statements represent current expectations and beliefs, and there can be no assurance that the results described in these statements will be achieved. These statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are beyond our control. For a written description of these factors, see the section entitled "Risk Factors" in the Annual Report on Form 10-K of DXC for the year ended March 31, 2019 and any update information in subsequent documents. filed with the SEC, including the next quarterly DXC form report. 10-Q for the quarterly ended June 30, 2019. There can be no assurance that any objective or plan expressed in a forward-looking statement may be or will be achieved, and the reader is cautioned not to place undue reliance on these statements which: speak only from the date on which they are made. We disclaim any obligation to update or post revisions to forward-looking statements, to report any event or circumstance that arose after the date of this press release, or to reflect the occurrence of unanticipated events, except as permitted by law. # 39; required.
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