DXC Technology’s Board of Directors announced the appointment of president and CEO Mike Salvino to the additional position of board chairman and David Herzog as the lead independent director effective after the Company’s Annual Meeting of Stockholders on July 26, 2022. Mr. Salvino succeeds Ian Read, who will be retiring from the board on that date.
“We would like to thank Ian for his dedication to DXC as chairman and for his help in guiding the Company through its Transformation Journey,” said Mr. Salvino. “Ian is an accomplished leader who has had an indelible impact on DXC, serving as a mentor, partner and a steady hand for the entire board over the past two years as we put DXC in a much stronger position. It is truly an honor to work with him.”
Mr. Salvino continued, “In addition, I am pleased that the board has selected David as lead independent director upon Ian’s retirement. David is a seasoned director who has served on the board since DXC’s formation, including as acting chairman and as audit committee chair, and we look forward to his continued strong partnership.”
In connection with his appointment as lead independent director, Mr. Herzog will reduce his number of other public company boards from three to two before he begins serving as lead independent director for DXC.
“Mike’s appointment to board chairman reflects his tremendous success as DXC’s president and CEO and his excellent working relationship with our board,” said Mr. Read. “Since Mike became CEO, he has successfully guided DXC through an impressive Transformation Journey, creating significant value for DXC customers, colleagues, and shareholders. On behalf of the entire board, I am delighted to welcome Mike as our next chairman.”
