Ian Read to
Retire from the Board and Transition Responsibilities at the 2022
Annual Meeting of Stockholders
ASHBURN,
Va., May 17, 2022 /PRNewswire/ -
DXC Technology's (NYSE: DXC) Board of Directors today
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."
About DXC Technology
DXC Technology (NYSE: DXC) helps global companies run their
mission critical systems and operations while modernizing IT,
optimizing data architectures, and ensuring security and
scalability across public, private, and hybrid clouds. The world's
largest companies and public sector organizations trust DXC to
deploy services across the Enterprise Technology Stack to drive new
levels of performance, competitiveness, and customer experience.
Learn more about how we deliver excellence for our customers and
colleagues at DXC.com.
Forward Looking Statements
All statements in this press release that do not directly and
exclusively relate to historical facts constitute "forward-looking
statements." These statements represent current expectations and
beliefs, and no assurance can be given that the results described
in such statements will be achieved. Such 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 outside of our
control. Furthermore, many of these risks and uncertainties are
currently amplified by and may continue to be amplified by or may,
in the future, be amplified by, the ongoing coronavirus disease
2019 ("COVID-19") pandemic and the impact of varying private and
governmental responses that affect our customers, employees,
vendors and the economies and communities where they operate. For a
written description of these factors, see the section titled "Risk
Factors" in DXC's Annual Report on Form 10-K for the fiscal year
ended March 31, 2021, and any
updating information in subsequent SEC filings. No assurance can be
given that any goal or plan set forth in any forward-looking
statement can or will be achieved, and readers are cautioned not to
place undue reliance on such statements which speak only as of the
date they are made. We do not undertake any obligation to update or
release any revisions to any forward-looking statement or to report
any events or circumstances after the date of this presentation or
to reflect the occurrence of unanticipated events, except as
required by law.
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SOURCE DXC Technology Company