DXC Technology taps CEO for spinoff health and human services business
Paul Saleh previously served as DXC's chief financial officer
Tysons-based Fortune 500 company DXC Technology announced Wednesday it has promoted Chief Financial Officer Paul Saleh to the new position of CEO of the company’s U.S. State and Local Health and Human Services business, which will be effective upon closing of the sale of the business unit to private equity firm Veritas Capital.
DXC Technology announced in March it would sell the business unit to Veritas Capital for $5 billion. The health and human services business unit provides technology enabled, mission critical solutions for U.S. administration and operations of health programs. The transaction is expected to close on Oct. 1.
“It is very rewarding to see this opportunity develop for Paul,” DXC President and CEO Mike Salvino said in a statement. “It has allowed him to build on the foundation of his experience with DXC to move from CFO to the CEO of this business, and I want to thank Paul for his contributions to the company over the past eight years.”
The company is conducting an external search for a new CFO, according to a statement, but Neil Manna, the company’s senior vice president and corporate controller, will serve as interim CFO.
DXC Technology was formed in April 2017 as a result of the merger of Computer Science Corp. and the Enterprise Services business of Hewlett Packard Enterprise. The company has 138,000 employees worldwide and last year had revenues of more than $21 billion.