Exhibit 99.1
DXC Technology Appoints Raul Fernandez as President and Chief Executive Officer
Fernandez Brings Extensive Technology Industry Experience and Deep Understanding of DXCs Operations
ASHBURN, Va., February 1, 2024 - DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services company, today announced that the
Companys Board of Directors unanimously appointed Raul Fernandez as its President and Chief Executive Officer, effective immediately. Fernandez, who was appointed Interim President and CEO in December 2023, has served as CEO of several
successful companies prior to this role, and as a member of DXCs Board of Directors since 2020.
After a thoughtful evaluation of
Fernandezs leadership and operational expertise, as well as his deep knowledge of DXC from his time on the Board of Directors and as Interim CEO, the Board determined that he is the right leader to advance DXCs strategic plan and
position the company for long-term growth, said David Herzog, Chairman of the Board. Since Raul assumed the Interim role in December, the Board has seen firsthand his ability to build upon DXCs successes, including with our trusted
client relationships, while driving improved performance to best serve our customers, team members and investors over the long-term. The Board has full confidence in Rauls ability to strengthen DXCs position within the industry, support
our transition from stability to profitable growth and drive value for our shareholders.
I am thrilled to be leading DXC as President and
CEO, said 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 DXCs 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.
As a result of todays announcement, the Board will suspend its previously announced CEO
search process. DXC has also issued its third quarter of fiscal 2024 results and will discuss its financial results during its conference call and webcast at 5:00 p.m. EST.
About Raul Fernandez
Fernandez, who has been a DXC Board
member since 2020, currently serves as Vice Chairman and co-owner of Monumental Sports & Entertainment, a private partnership that owns some of Washington DCs major sports franchise, including
the NHLs Washington Capitals, the WNBAs Washington Mystics, and the NBAs Washington Wizards. The partnership also owns Monumental Sports Network, a first-of-its-kind regional sports network for digital, mobile and over-the-top (OTT) platforms.
He also currently serves as a director of Broadcom, Inc., 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.
He has overseen a number of
technology-focused companies during the course of his career, including Proxicom, which he founded and helped grow into a prominent global provider of e-commerce solutions