DXC Technology, a provider of insurance and reinsurance software and technology solutions, has announced that the Company’s Board of Directors unanimously appointed Raul Fernandez as its President and Chief Executive Officer, effective immediately.
Fernandez was appointed Interim President and CEO in December 2023.
He has previously served as CEO of several companies prior to this role, and he has also served as a member of DXC’s Board of Directors since 2020.
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 franchise.
In addition, 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, and he is also a member of the Strategic Advisory Board of Volition Capital, and a director to several other private companies too.
As well as this, he has also previously overseen a number of technology-focused companies during the course of his career.
This includes: Proxicom, which he founded, as well as a stint as CEO of Dimension Data North America, an information systems integration company, and a tenure as Chairman and CEO of ObjectVideo, a developer of intelligent video surveillance software.
David Herzog, Chairman of the Board, commented: “After a thoughtful evaluation of Fernandez’s 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 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. 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.”
Addressing his new role, Fernandez said: “I am thrilled to be leading DXC as President and CEO. 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.”
