Mike Salvino

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Mike Salvino
NationalityAmerican
Alma materMarietta College
OccupationCEO of DXC Technology

Michael J. Salvino[1] is an American business executive. He has been president and CEO of DXC Technology since September 2019.

Prior to joining DXC Technology he was a managing director of the technology investment firm Carrick Partners, where he assisted companies regarding technology-enabled services including business process outsourcing (BPO), security, and machine learning. He was at Accenture from 1987–2000 and 2006–2016, becoming group chief executive of Accenture Operations in 2014, where he oversaw Accenture's comprehensive portfolio of business process services, as well as its infrastructure, security, and cloud services. He was at Exult, Inc., a BPO start-up focused on human resources, from 2000–2006, responsible for sales, accounts, and operations in the Americas.

Education[]

Salvino attended Marietta College in Marietta, Ohio.[2] He graduated in 1987 with a BS in industrial engineering.[3]

Career[]

Andersen Consulting 1987–2000[]

Salvino joined Andersen Consulting (now Accenture) in 1987.[4] He was made an associate partner in 1997.[5] His focus as an associate partner was primarily on global information management outsourcing.[6]

Exult 2000–2006[]

Salvino left Accenture in 2000 and joined Exult, Inc., a business process outsourcing (BPO) start-up focused on human resources, as its sales director.[7] He rose to become the company's president of the Americas region in 2003,[6] responsible for sales, accounts, and operations for Latin America, Canada, and the U.S.[6] When Hewitt Associates acquired Exult in late 2004,[8] he joined Hewitt in early 2005 as global sales and accounts co-leader for Hewitt’s HR outsourcing group,[9] remaining there through 2006.[9]

Accenture 2006–2016[]

Salvino rejoined Accenture in 2006,[10] as managing director of BPO,[11] and he also led sales and account management across Accenture's outsourcing business.[12][10]

In 2009 he became group chief executive of BPO,[13] when Accenture combined its industry-specific and cross-industry BPO services into a stand-alone business unit.[14] He oversaw Accenture's cross-industry (finance and accounting, HR, learning, procurement, marketing, and supply chain) and industry-specific BPO services (including credit services, health, network, pharmaceuticals, and utilities).[12]

In 2014 Accenture combined its BPO services with its infrastructure and cloud services into Accenture Operations,[15] and Salvino became group chief executive of Accenture Operations.[16] He oversaw Accenture's comprehensive portfolio of business process services, as well as infrastructure, security, and cloud services.[17][18]

In his final year leading Accenture Operations, it had 100,000 employees and posted 20% growth on over $7 billion in revenues.[19] In leading this growth at Accenture Operations, Salvino created and began refining an "operational playbook" for organizational turnaround;[20][21] the playbook is people-centric[20][22] and focuses on three areas: employees, clients, and business.[21][23] In 2017 he began writing extensively on leadership in Chief Executive magazine.[19][24]

Carrick Capital Partners 2016–2019[]

Salvino left Accenture Operations in 2016 to join Carrick Capital Partners, an investment firm focused on business-to-business technology-enabled companies, as one of the firm's operating partners.[25] By July 2018 he was a managing director of the firm.[26] At Carrick he specialized in assisting companies regarding technology-enabled services including BPO, security, and machine learning.[27]

In 2017, he became a founding board member[28] and the first executive chairman[29] of Infinia ML (originally called Unicorn ML), a machine learning start-up which was initiated in a Duke University research lab[29] and was one of Carrick Capital's investments.[30]

DXC Technology 2019–present[]

In May 2019, Salvino joined the board of directors of DXC Technology.[31] In September 2019, the company announced that he would succeed the retiring president and CEO Mike Lawrie, effective immediately.[32][33] At the time DXC was struggling financially, losing contracts and customers, and in need of a turnaround.[34][35]

In his first six months as president and CEO, Salvino hired new executive leadership,[36][4] and, in order to begin returning the company to a state of profitability[37] and focusing on core assets,[38] sold DXC's state and local health and human services business to Veritas Capital for $5 billion.[39] He also made a variety of changes in organizational structure, strategy, operations, and implementation in order to more effectively meet clients' needs.[40][41]

In May 2020 he announced that 3.5% of the workforce would be cut to eliminate unnecessary management layers,[42] and in July 2020 he led the sale of DXC's healthcare provider software business to the Italy-based Dedalus Group.[43] In September 2020, he made a number of additional leadership changes,[44] including hiring several more Accenture veterans.[45] In December 2020, Comparably included him in its annual list of the 50 Best CEOs of large companies in North America.[46][47]

Board memberships[]

In addition to serving on the board of directors of DXC Technology,[48] Salvino is on the board of directors of the Atrium Health Foundation.[49] He is on the board of visitors of the Duke University Pratt School of Engineering,[50] and on the board of trustees at Marietta College.[51]

Personal life[]

Salvino lives in Charlotte, North Carolina.[52] He and his wife Denise[53] have three children.[22] The family created a foundation, 5MPower, which supports cancer research, food for the needy, and youth sports and education.[53]

References[]

  1. ^ "Michael J. Salvino". Wall Street Journal. Retrieved February 5, 2021.
  2. ^ "Mike Salvino". Marietta College. Retrieved February 5, 2021.
  3. ^ "Salvino '87 tabbed to lead Fortune 500 company DXC Technology". Marietta Magazine (Fall 2019). Marietta College. Retrieved February 5, 2021.
  4. ^ a b "DXC Technology adds another Accenture alum to executive team". Consultancy.org. March 18, 2020. Retrieved February 5, 2021.
  5. ^ Palikuca, Seka P. (November 16, 1997). "Grant Thornton Selects Chief Exectuvie Officer". Chicago Tribune. Retrieved February 5, 2021.
  6. ^ a b c "Notice Of Annual Meeting Of Stockholders To Be Held On February 1, 2006". U.S. Securities and Exchange Commission. Hewitt Associates, Inc. December 14, 2005. pp. 14–15. Retrieved February 5, 2021.
  7. ^ Lawler III, Edward E.; Ulrich, Dave; Fitz-enz, Jac; Madden V, James C. (2004). Human Resources Business Process Outsourcing: Transforming How HR Gets Its Work Done. John Wiley & Sons. p. 134. ISBN 9780787976101.
  8. ^ McDaniel, Kip (February 24, 2005). "Personnel Shifts at HRO Firms". PlanSponsor.com. Retrieved February 5, 2021.
  9. ^ a b "Form 10-K: Annual Report for the fiscal year ended August 31, 2011". U.S. Securities and Exchange Commission. Accenture. pp. 35–36. Retrieved February 5, 2021.
  10. ^ a b "Debra Polishook named group CEO, Accenture operations". Post Online Media. June 3, 2016. Retrieved February 5, 2021.
  11. ^ "Form 10-K: Annual Report for the fiscal year ended August 31, 2013". U.S. Securities and Exchange Commission. Accenture. p. 26. Retrieved February 5, 2021.
  12. ^ a b Frinton, Sandy (January–February 2013). "Fresh Face: Mike Salvino: View from the C-Suite" (PDF). Pulse. International Association of Outsourcing Professionals. pp. 36–43. Retrieved February 5, 2021.
  13. ^ Pierce, Freddie (March 8, 2011). "The Top Outsourcing Professionals". Supply Chain. Archived from the original on May 4, 2017. Retrieved February 5, 2021.
  14. ^ Evans, Bob (August 14, 2009). "Accenture Named Top Growth Stock In Wake Of Restructuring". InformationWeek. Retrieved February 5, 2021.
  15. ^ "Innovation, Insight and Talent: An Interview with Debra (Debbie) A. Polishook, Group Chief Executive-Accenture Operations, Accenture". Leaders. January–March 2018. Retrieved February 5, 2021.
  16. ^ Smith, Peter (July 23, 2015). "Accenture Acquires EnergyQuote JHA, Strengthens Energy Procurement Offering". Spend Matters. Retrieved February 5, 2021.
  17. ^ "Form 8-K". Edgar.SECdatabase.com. DXC Technology. May 23, 2019. Retrieved February 5, 2021.
  18. ^ "Mike Salvino '87". Trailblazer. Marietta College. Summer 2014. p. 19. Retrieved March 16, 2021.
  19. ^ a b Johnson, O’Ryan (September 13, 2019). "DXC Technology's New CEO: 5 Things You Need To Know About Mike Salvino". CRN. Retrieved February 5, 2021.
  20. ^ a b Simpson, Roger (December 4, 2017). "Why Focussing on Your People is a Winning Strategy". The Retail Solution. Retrieved February 5, 2021.
  21. ^ a b Johnson, O’Ryan (September 11, 2019). "DXC Picks Former Accenture Executive As New CEO As Mike Lawrie Retires". CRN. Retrieved February 5, 2021.
  22. ^ a b O'Daniel, Adam (February 6, 2015). "Five steps for consulting success". Charlotte Business Journal. Retrieved February 5, 2021.
  23. ^ Exler, Ron; Jones, Stanton (September 2019). "DXC Changes the Guard, Moves into Growth Phase". ISG-one.com. Retrieved February 5, 2021.
  24. ^ "Mike Salvino". Muck Rack. Retrieved February 5, 2021.
  25. ^ Burns, Hilary (July 28, 2016). "Michael Salvino retires from Accenture Operations, joins Cali-based investment firm". Charlotte Business Journal. Retrieved February 5, 2021.
  26. ^ "Exiger Announces $80 Million Minority Growth Capital Investment by Carrick Capital Partners". PR Newswire. July 9, 2018. Retrieved February 5, 2021.
  27. ^ "Form 8-K". CSC.GCS-web.com. DXC Technology. September 11, 2019. Retrieved February 5, 2021.
  28. ^ "Carrick Capital Partners & Duke's Lawrence Carin Launch Machine Learning Business". Infinia ML. September 13, 2017. Retrieved February 5, 2021.
  29. ^ a b Gotskind, Anna; Edelson, Jessica (September 26, 2018). "Machine learning company Infinia ML returns to its roots, partners with Pratt". Duke Chronicle. Retrieved February 5, 2021.
  30. ^ Smith, Rick (September 13, 2017). "Silicon Valley firm backs stealth tech startup led by Duke professor". WRAL. Retrieved February 5, 2021.
  31. ^ "Mike Salvino Joins DXC Technology Board of Directors". Benzinga. May 23, 2019. Retrieved February 5, 2021.
  32. ^ "DXC Technology Appoints Mike Salvino as President and Chief Executive Officer Succeeding Mike Lawrie, Who Will Be Retiring as CEO and Continue as Chairman". Business Wire. September 11, 2019. Retrieved February 5, 2021.
  33. ^ Bendor-Samuel, Peter (September 12, 2019). "DXC Technology Changes CEO". Forbes. Retrieved April 7, 2021.
  34. ^ Law, Justin (December 2, 2020). "DXC Technology's Turnaround Entering Margin Expansion Mode". Seeking Alpha. Retrieved February 5, 2021.
  35. ^ Nichols, Shaun (September 12, 2019). "Mike drop, DXC-ya later! Lawrie immediately ejects as CEO from IT outsourcing giant". The Register. Retrieved April 6, 2021.
  36. ^ "DXC Technology Names Chris Drumgoole as Chief Information Officer". AiThority. January 31, 2020. Retrieved February 5, 2021.
  37. ^ Johnson, O’Ryan (March 10, 2020). "DXC Technology Unloads Health Business For $5 Billion". CRN. Retrieved February 5, 2021.
  38. ^ Wakeman, Nick (March 11, 2020). "DXC to sell Medicaid business for $5B". Washington Technology. Retrieved February 5, 2021.
  39. ^ Hansen, Drew (March 11, 2020). "DXC to offload health business for $5B in cash". Washington Business Journal. Retrieved February 5, 2021.
  40. ^ Kovar, Joseph F. Kovar (February 7, 2020). "DXC Reports Progress In Resolving Customer Issues Under New CEO, But Sales Continue Decline In Q3". CRN. Retrieved February 5, 2021.
  41. ^ Tan, Aaron (January 30, 2020). "Inside DXC Technology's APAC playbook". Computer Weekly. Retrieved February 5, 2021.
  42. ^ Johnson, O’Ryan (May 29, 2020). "DXC Targets 4,500 Jobs As It Moves To More Quickly Respond To Customer Needs". CRN. Retrieved February 5, 2021.
  43. ^ Cooper, Rebecca (July 21, 2020). "DXC to sell health software business for half a billion dollars". Washington Business Journal. Retrieved February 5, 2021.
  44. ^ Lake, Sydney (September 28, 2020). "DXC Technology announces leadership overhaul". Virginia Business. Retrieved February 5, 2021.
  45. ^ Cordell, Carten (September 26, 2020). "DXC taps Accenture vets in a raft of leadership changes as part of a larger overhaul". Washington Business Journal. Retrieved February 5, 2021.
  46. ^ Marcos, Coral Murphy (December 15, 2020). "CEO rankings: Amazon's Jeff Bezos doesn't make the cut; Google's Sundar Pichai returns to top 3". USA Today. Retrieved February 5, 2021.
  47. ^ "Best CEOs 2020". Comparably. December 15, 2020. Retrieved February 5, 2021.
  48. ^ "DXC Board of Directors". DXC Technology. Retrieved February 5, 2021.
  49. ^ "Board of Directors". Atrium Health Foundation. 19 December 2014. Retrieved February 5, 2021.
  50. ^ "Board of Visitors". Duke University Pratt School of Engineering. 21 March 2012. Retrieved February 5, 2021.
  51. ^ "Marietta College Board of Trustees". Marietta College. Retrieved February 5, 2021.
  52. ^ "Mike Salvino". LinkedIn. Retrieved February 8, 2021.
  53. ^ a b O'Daniel, Adam (August 9, 2013). "Leading a key outsourcing firm from Charlotte". Charlotte Business Journal. Retrieved February 8, 2021.

External links[]

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