DXC Technology Extends CEO and CFO Employment Agreements to Strengthen Focus on Growth and Shareholder Value

DXC Technology (NYSE: DXC) today announced that its Board of Directors has unanimously approved special equity grants for Raul Fernandez, President and Chief Executive Officer, and Rob Del Bene, Executive Vice President and Chief Financial Officer. These grants are designed to secure the continued leadership of both key executives through fiscal year 2028 and further align their compensation with sustainable long-term shareholder value creation.

These agreements reflect the Board’s confidence in the executive team’s strategic vision and operational execution, as DXC continues to progress to a more focused, customer-centric and growth-driven technology services leader.

Under Raul’s leadership, “DXC has sharpened its strategic focus, revitalized its go-to-market execution, and reignited cultural momentum across the organization,” said David Herzog, Chairman of the DXC Board of Directors. “Together with Rob’s financial stewardship and focus on operational excellence, this leadership team has positioned DXC to deliver long-term value for our customers, employees, and shareholders.”

In lieu of annual equity grants for fiscal years 2026 through fiscal 2028, Mr. Fernandez and Mr. Del Bene will receive one-time three year equity grants that closely link their future pay with achievement of performance goals related to three key metrics: free cash flow, revenue generation, and total shareholder return relative to a competitive peer set. This structure is designed to promote retention and incentivize execution on DXC’s long-term strategy, with the goal of delivering meaningful shareholder returns over the next three years.

“I’m honored to continue leading DXC and our revamped leadership team,” said Raul Fernandez. “I’ve personally met over a hundred customers over the past 15 months and their message has been loud and clear, DXC has the expertise, talent, and the trust to be their critical partner. We’ve brought in incredible talent to build a winning team that’s fully aligned around a single mission, to drive sustainable profitable growth. We have made important progress in laying the foundation for success and I believe we are well-positioned to deliver success for our clients and shareholders.”

Terms of the awards are provided in a Form 8-K filed with the Securities and Exchange Commission on May 14, 2025.

For more information on DXC, visit https://dxc.com/us/en.

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 any result, goal or plan set forth in any forward-looking statement can or 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. For a written description of these factors, see the section titled "Risk Factors" in DXC's upcoming Annual Report on Form 10-K for the fiscal year ended March 31, 2025, and any updating information in subsequent SEC filings. 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 document or to reflect the occurrence of unanticipated events, except as required by law.

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 to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.

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