ASHBURN, Va.–(BUSINESS WIRE)–DXC Technology (NYSE: DXC), a leading global Fortune 500 technology services provider, has appointed Raymond August as President, Insurance Software and Business Process Solutions, reporting to Mike SalvinoPresident and Chief Executive Officer of DXC, effective March 7, 2022.
August will lead the development and growth of DXC’s insurance software and insurance, banking and horizontal business process (BPS) services. He will focus on capitalizing on DXC’s leadership position in insurance to help customers accelerate and sustain revenue growth, build and operate their digital core, and transform their operations.
Revenue from these businesses is currently included in business process applications and services. Beginning in the first quarter of FY23, DXC intends to present these businesses together as a separate component of DXC’s Global Business Services, underscoring our commitment to the insurance software and BPS markets.
“This decision highlights our management’s direction and our desire to capitalize on our industry-leading position in these attractive growth markets,” Salvino said. “Ray is a proven, results-driven leader with a strong track record of execution. He has excellent industry relationships and is deeply respected by our clients in the insurance industry.
A seasoned veteran with nearly four decades of experience in the technology industry and direct experience in the insurance industry, August has held leadership positions at Computer Sciences Corporation (CSC), Policy Management Systems Corporation and Great Plains Software. (Microsoft). From 2014 to 2020, he was President and CEO of Benefitfocus, a leading provider of SaaS solutions for the employee benefits, life insurance and health insurance industries.
“It’s a great time to join DXC,” said August. “We are strengthening our commitment to the insurance industry, our people, our DXC Assure platform strategy and our software portfolio. I look forward to building on this foundation and delivering for our customers.
Based in Charleston, South Carolina, August graduated from the University of South Carolina with a BS in Accounting and Management Science. He currently sits on the board of ACORD Solutions Group.
About DXC technology
DXC Technology (NYSE: DXC) helps global enterprises manage their 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 enterprises and public sector organizations trust DXC to deploy services across the enterprise technology stack to achieve new levels of performance, competitiveness and customer experience. Find out how we deliver excellence to our customers and colleagues at DXC.com.
All statements contained in this press release that do not relate directly and exclusively to historical facts constitute “forward-looking statements”. These statements represent current expectations and beliefs, and no assurance can be given that the results described in these statements will be achieved. These statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in these statements, many of which are beyond our control. In addition, many of these risks and uncertainties are currently magnified by and may continue to be magnified by or may, in the future, be magnified by the coronavirus disease 2019 pandemic and the impact of various private and governmental responses that affect our customers, employees, suppliers and the economies and communities where they operate. For a written description of these factors, see the section titled “Risk Factors” in DXC’s Annual Report on Form 10-K for the year ended March 31, 2021, as well as any updating information in the filings. subsequently with the SEC, including DXC’s Quarterly Report on Form 10-Q for the quarterly period ended December 31, 2021.
No assurance can be given that any objective 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 on which they are made. We undertake no obligation to update or release revisions to any forward-looking statement or to report any event or circumstance after the date of this press release or to reflect the occurrence of unforeseen events, except as required by law. required.
Source: DXC Technology
Category: Investor Relations