Mike Salvino, president and CEO of DXC Technology (NYSE: DXC), will assume the chairmanship of the information technology company’s board of directors from Ian Read, who will retire from his post on July 26.
In a statement published Tuesday, Reed said the appointment of Salvino to chair the board underscores the latter’s company leadership and his working relationship with other directors.
The transition and expansion of Salvino’s responsibilities will take effect at DXC’s 2022 Annual Meeting of Stockholders, which will be held on the same date as Read’s retirement from the board.
“[Read has served] 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,” said Salvino about the retiring executive.
In a related move, David Herzog, who has been with DXC’s board since April 2017, will become its lead independent director.
“David is a seasoned director who has served on the board since DXC’s formation, including as acting chairman and as audit committee chair,” commented Salvino.