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DXC Technology Adds David Barnes and Raul Fernandez to Board of Directors

DXC Technology Adds David Barnes and Raul Fernandez to Board of Directors

DXC Technology (NYSE: DXC) today announced the election of IT industry veterans David A. Barnes and Raul J. Fernandez to the company’s Board of Directors, following the results of DXC’s Annual Meeting of Stockholders on August 13, 2020.

Dave is formerly Senior Vice President, Chief Information and Global Business Services Officer of United Parcel Service (UPS), a role he served in from 2011 to 2016. From 2005 to 2011, he was Senior Vice President and Chief Information Officer for UPS, the world’s largest package delivery company. In his role as CIO and a member of the UPS Management Committee, Dave was responsible for all aspects of UPS technology in over 220 countries and territories. He currently serves as Senior Advisor for Bridge Growth Partners LLC, a private equity fund. He also is a member of the Board of Directors of Hertz, Solace Corporation, and BackOffice Associates and will join DXC’s Audit and Risk Committees.

Raul is Vice Chairman and Owner of Monumental Sports & Entertainment, a private partnership which owns WNBA’s 2019 Champion Washington Mystics, the NHL’s 2018 Stanley Cup Champion Washington Capitals, the Washington Wizards, where he serves on the NBA Board of Governors, Wizards District Gaming NBA 2K team, and Capital One Arena. Raul also serves as Special Advisor to, and is a Limited Partner of, General Atlantic Partners and Carrick Capital Partners. He previously held several leadership roles at technology companies including serving as Founder, Chief Executive Officer and Chairman of Proxicom (NASD: PXCM) and Chairman and CEO at ObjectVideo. He currently is on the Board of GameStop and Broadcom and will join the Compensation and Nominating and Governance Committees.

“With vast experience in the IT industry and proven leadership abilities, Dave and Raul bring important perspective and insight to our Board,” said Ian C. Read, chairman of the DXC Board. “These additions complement the work that Mike Salvino and his leadership team are doing to launch the ‘new DXC’.”

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. With decades of driving innovation, the world’s largest companies trust DXC to deploy our enterprise technology stack to deliver new levels of performance, competitiveness and customer experiences. Learn more about the DXC story and our focus on people, customers and operational execution at www.dxc.technology.

Forward-Looking Statement

All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements.” These statements represent DXC’s intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors many of which are outside DXC’s control. Many factors could cause actual results to differ materially from such forward-looking statements with respect to the transaction announced above, including risks relating to: the completion of the transaction on anticipated timing, including obtaining regulatory and third-party approvals; conditions in the credit markets; anticipated tax treatment for the proposed transaction; unforeseen liabilities; loss of revenues; the potential impact of announcement or consummation of the proposed transaction on relationships with third parties, including clients, employees and competitors; and the delay or business disruption caused by difficulties in separating the divested business from DXC’s remaining businesses. For a written description of the factors that could cause actual results of DXC’s business to differ materially from these forward-looking statements, see the section titled “Risk Factors” in DXC’s Annual Report on Form 10-K for the fiscal year ended March 31, 2020, as updated in subsequent SEC filings including the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2020, which readers are urged to review in detail, as it contains important information regarding risks, uncertainties and other factors that could cause actual results to differ from the plans, expectations and other matters described in this press release. 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. DXC disclaims any intention or obligation to update these forward-looking statements whether as a result of subsequent events or otherwise, except as required by law.

Rich Adamonis, Corporate Media Relations, +1-862-228-3481, radamonis@dxc.com
Shailesh Murali, M&A and Investor Relations, +1-703-245-9700, shailesh.murali@dxc.com

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