Thread regarding DXC Technology layoffs

Goodbye old Mikey, hello new Mikey

Salvino succeeds Mike Lawrie, who has served as DXC’s Chairman, President and Chief Executive Officer since the company’s formation in 2017. Lawrie has announced his retirement as President and CEO and will retire as DXC’s board chair on Dec. 31, 2019.

“Mike Salvino, who joined DXC’s board in May 2019, is a respected leader in the IT services industry with more than 30 years of experience and a strong track record of building profitable businesses that delivered value for clients and shareholders,” said Manoj P. Singh, Chair of the Board's Nominating Committee.

Lawrie and the DXC board began discussing succession and planned retirement about a year ago. With his support, the board began a process to identify and recruit his successor.

“We want to thank Mike Lawrie for guiding DXC through its successful integration and initial phase of transformation,” Singh said. “During his tenure, DXC became the world’s leading, independent end-to-end IT services company and built significant digital capabilities to help DXC execute its strategy. We look forward to his continued leadership during this important transition.”

Salvino most recently served as a managing director at Carrick Capital Partners, a private equity firm focused on the technology sector, where he specialized in technology-enabled services, including BPO, security and machine learning.

Before joining Carrick, Salvino served for seven years as group chief executive of Accenture Operations, one of Accenture’s five businesses, and was a member of Accenture’s Global Management Committee. Salvino led Accenture’s 100,000-person global Operations business, growing the business 20 percent during his final year. Salvino left Accenture for Carrick in 2016 after spending more than 22 years at the company.

“Mike Salvino is the perfect choice to lead DXC into its next phase of growth,” Lawrie said. “He is a proven leader with a strong track record of successfully running businesses, forging trusted client relationships, and creating an environment to grow and develop talent.

“It’s been my privilege to serve as CEO as we repositioned DXC to focus on digital transformation and how we best serve clients,” Lawrie continued. “DXC is a world-class business, built by its extraordinary leaders and workforce. I’m proud of all that we accomplished.”

Mike Salvino said, “DXC has an enviable client portfolio, deep industry partnerships and a talented global team. I am looking forward to leveraging these strengths and my proven operational playbook to accelerate the execution of our growth strategy.”

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| 7162 views | | 20 replies (last September 12, 2019) | Reply
Post ID: @OP+10Z1JA52

20 replies (most recent on top)

Won't make a difference no cat in hell of saving DXC and in same mould as mike he will do more WFR, site closures, offloading and selling bits and acquiring new digital companies - then asset stripping them

Only way is downwards in to a firesale and break up of DXC in the end

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Post ID: @1pes+10Z1JA52

Our internal email says:
• During his seven-year tenure as Group Chief Executive of Accenture Operations, a 100,000-person global organization, he modernized and transformed its operations business into a growth platform – building a market leader, consistently achieving double digit growth, and building an environment that focused on acknowledging, recognizing, and rewarding people.

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Post ID: @1pfb+10Z1JA52

"One thing is for sure, a new CEO will terminate all of those at the top with extreme prejudice.."

Agree but only behind closed doors. In public, the new guy doesn't want spooked shareholders.
The classic way to do it, is bring new people in - make them cause a stir with the old team. The old team revolt and so the the new people are sacked - but only after another new guy replaces him.
In effect, the old team have got what they thought they wanted (getting rif og the new guy), but they're still demoted

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Post ID: @1qke+10Z1JA52

Anyone who heard Mikey's initial words to the troops at CSC won't be reassured by the words from Sal here.

One thing is for sure, a new CEO will terminate all of those at the top with extreme prejudice... and replace them with his cronies from wherever he came from or members of the same country/golf club.

In a way I am happy today, but its going to be short lived I'm sure.

More chaos, when actually what we needed was a period of steady.

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Post ID: @1bwi+10Z1JA52

That was Mike sale's of his stock, get out now and run with the money he stole from all the fired employee's

#ISEEDXC

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Post ID: @1cix+10Z1JA52

They don't call him Mike they call him sal

This guy managed to a hundred thousand people but never more than seven billion dollars in revenue something is screwy in that background you posted

What are your skills and what do you do why don't you tell me I bet all you do is old s***

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Post ID: @1ykp+10Z1JA52

Real change would be to wipe out all L2 and L3, so called leaders.

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Post ID: @1wyv+10Z1JA52

@10Z1JA52-1mrn Touche my friend. "New Mike" spent over 20 years at Accenture. That speaks volumes about what will happen under this new regime.

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Post ID: @1wzu+10Z1JA52

Full disclosure: I am not a DXC employee, but someone who happened on this post.

From reading what is posted here, the 'New Mike' is bringing his axe, and it will be a big one. His background reads much like the con-artists of Six Sigma/Lean, except it is nothing but outsourcing. DXC's 'New Mike' is nothing more than an axe man, who's only speciality is going to be outsourcing. Outsourcing every last soul who is at DXC right now.

Like i said, I do not work for DXC. I have seen this game played before however with a new boss.

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Post ID: @1mrn+10Z1JA52

"the world’s leading independent, end-to-end IT services company" - err have I missed something - is it leading?

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Post ID: @jsf+10Z1JA52

Unfortunate that Mikey got this BS graceful exit. Should have been flat-out fired, never to be heard from again.

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Post ID: @pqt+10Z1JA52

He led his comments with “investment in people”. Maybe there is hope.

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Post ID: @iqp+10Z1JA52

Expect more of the same !
More WFR
More site closures
More offshoring
More big bonus for the C suite !
"You little people can go do one !"

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Post ID: @fvn+10Z1JA52

So, what will "Accenture Mike" want to do in his first 100 days?

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Post ID: @ivo+10Z1JA52

Who is surprised? This was way overdue.

This Accenture dude is like a master outsourcer, things do not look good.

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Post ID: @pmz+10Z1JA52

Quick to tweet:

https://pbs.twimg.com/media/EENoISDWwAAfqBo?format=jpg&name=360x360

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Post ID: @knd+10Z1JA52

LOL – ""International Association of Outsourcing Professionals""

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Post ID: @kop+10Z1JA52

Mike Salvino Joins DXC Technology Board of Directors
May 23, 2019 04:30 PM Eastern Daylight Time
TYSONS, Va.–(BUSINESS WIRE)–DXC Technology (NYSE: DXC), the world’s leading independent, end-to-end IT services company, today announced that Michael J. Salvino has joined the DXC Technology board of directors.

“We are very pleased to attract an individual of Mike’s caliber to serve on our board,” said Mike Lawrie, DXC’s chairman, president and chief executive officer. “His deep understanding of sales, account management, machine learning and operations will make an invaluable contribution in the pursuit of our mission to lead digital transformations for our global clients.”

Salvino serves as a Managing Director at Carrick Capital Partners where he is directly involved with Carrick's portfolio companies and in sourcing new investments, growing and managing large scale tech enabled services businesses, specifically business process outsourcing (BPO), security and machine learning. A recognized ML industry expert with experience running and building companies, he brings broad expertise and perspective to the DXC Technology board that includes operations, digital, artificial intelligence and security.

Prior to joining Carrick, Salvino served as group chief executive of Accenture Operations at Accenture plc since 2014 where he led a team of consulting and outsourcing professionals focused on providing BPO, infrastructure, security, and cloud services to deliver business value and drive productivity and digital improvements for clients. Prior to that, he served as group chief executive of Business Process Outsourcing at Accenture Plc since 2009. Previously, he held leadership roles in the HR outsourcing business at Aon/Hewitt LLC and Exult Inc.

Salvino is a board member and executive chairman of Infinia ML, an advanced machine learning company, and an active member of the board of Exiger, the leading provider of technology-enabled regulatory, financial crime, risk and compliance solutions. He is also a board member of the foundation for Atrium, the largest Healthcare system in the Carolinas, where he serves on their Investment Oversight Committee for both the hospital and foundation.

Salvino graduated from Marietta College with a Bachelor of Science degree in industrial engineering, where he serves on the Board of Trustees and is Chair of the Investment Committee. He is also a member of the Board of Visitors of the Duke University Pratt School of Engineering.


Mr. Michael J. Salvino has been managing director at the firm since September of 2016. At Carrick, Mike is directly involved in the identification, selection and post-investment growth guidance of the firm’s companies in technology-enabled services, specifically BPO, security, and Machine Learning (ML). A recognized ML industry expert, Mike created Infinia ML (a Duke University spin-out that provides ML to Fortune 500 businesses) and is co-author of the book Machine Learning in Practice, which is being published by Addison-Wesley in the spring of 2019. He is a contributing editor at Chief Executive magazine where he regularly writes articles advising CEOs about how to scale their business through business management, leadership and the effective application of machine learning. Mike works closely with the CEOs, executive teams, and boards of the firm's portfolio companies, leveraging his deep understanding of sales, account management, and operations to scale their businesses. Mike is a board member and executive chairman of Infinia ML, and is also an active member of the boards of Exiger and Bay Dynamics, where he is a board observer.

Prior to joining Carrick, Mike was group chief executive of Accenture Operations - one of Accenture’s five businesses earning more than $7 billion in annual net revenues and employing more than 100,000 people globally. As group chief executive, Mike led a team of consulting and outsourcing professionals focused on providing business process outsourcing (BPO), infrastructure, security, and cloud services to deliver business value and drive productivity and digital improvements for clients. Mike also served as a member of Accenture’s Global Management Committee and represented Accenture on the Board of Avanade – a $2 billion, 29,000-person joint venture between Microsoft and Accenture focused on providing innovative digital services, business solutions and design-led experiences that leverage the Microsoft ecosystem. Under Mike’s leadership, Accenture received many accolades and was consistently recognized by industry analysts and influencers as a market leader in operations. In 2014, Mike was inducted into the International Association of Outsourcing Professionals (IAOP) Outsourcing Hall of Fame. In the early part of his career, Mike also held senior leadership positions at a number of start-up and publicly traded companies such as the HR BPO pioneer Exult, where he was President of Americas and subsequently at Hewitt, where he was the Global Sales and Accounts Co-Leader for their HR Outsourcing Group.

Mike is a member of the Atrium Health Foundation Board, the largest healthcare system in the Carolinas. He serves on the Board of Visitors of the Duke University Pratt School of Engineering and the Board of Trustees at Marietta College, where he is the chair of the Investment Committee. Mike graduated cum laude from Marietta College with a Bachelor of Science degree in industrial engineering. During his time at Marietta he played all four years on the Pioneers basketball team.

Mike enjoys running and spending time with his family. Outside of work, his passion is fulfilling 5MPOWER® foundation projects (his family foundation) that raises money for cancer research, youth sports, education and the underserved, with his wife of 22 years and 3 children.

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Post ID: @omd+10Z1JA52

Lol - 404 - The page you're looking for is not available.
https://www.dxc.technology/investor_relations/ds/32534/79994-mike_lawrie_biography

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Post ID: @wnh+10Z1JA52

Oh dear - the market doesn't like it and the shares slide....

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Post ID: @arl+10Z1JA52

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