DXC Technology’s Most Highly Compensated Executives In 2021
Fiscal year 2021 was a pivotal year for DXC Technology, coming out of the COVID-19 pandemic. Here are DXC’s five most highly compensated executives.
DXC Technology’s Most Highly Compensated Leaders
With a solid fourth quarter, DXC Technology continues to expand its services and gain momentum into its 2022 fiscal year.
The Tysons, Virginia-based publicly traded firm — No. 4 on CRN’s Solution Provider 500 list for 2021 — in a recent proxy filing with the U.S. Securities and Exchange Commission, reported $17.73 billion dollars in revenue for fiscal year 2021, down about $2 billion from the previous year. The company’s fiscal year runs from April 1 to March 31.
Despite the decline in sales, the company’s stock has more than recovered from its pandemic low of $11 in March 2020, with shares up 238 percent since then to $39.46 as of July 14.
Mike Salvino, DXC Technology president and chief executive officer, said while he was pleased to report a “solid” recent fourth quarter, with revenues of $4.385 billion, he is looking forward to 2022 with continued momentum, focusing on severely impacted areas of the COVID-19 pandemic, such as India and the Philippines.
Seven executives in total topped the list, with Salvino coming out on top in total compensation. But two executives listed on the proxy are no longer in those roles. Paul Saleh, former vice president and chief financial officer, reported total compensation of $11.8 million, while the company’s former senior vice president and controller, Neil Manna, reported total compensation of $7.7 million.
Coming out of the pandemic, many DXC executive total compensations increased from 2020, with some almost doubling. Here are the company’s five most highly compensated leaders in fiscal year 2021.
Kenneth P. Sharp, Executive Vice President, Chief Financial Officer
Total FY21 Compensation: $ 2,931,600
Kenneth Sharp joined DXC on Nov. 30, 2020, replacing former CFO Paul Saleh, who left to become CEO of DXC’s U.S. state and local health and human services business. Prior to joining DXC, Sharp served as the vice president CFO of the defense Systems Sector for Northrop Grumman and the SVP of finance at Orbital ATK prior to that.
For fiscal year 2021, Kenneth Sharp’s salary was $215,383. His non-equity incentive plan compensation was $291,000, all other compensation of $2,029, a one-time cash sign-on bonus of $750,000 and stock awards totaling $1,673,186 brought Sharp’s total compensation to $2,931,600.
William L. Deckelman Jr., Executive Vice President and General Counsel
Total FY21 Compensation: $ 3,761,649
Total FY20 Compensation: $2,044,366
William Deckelman has served on DXC’s technology team since 2017 when the corporation formed from the merger of HPE Enterprise Services and Computer Sciences Corp. He also co-created and is a faculty member of the Digital Legal Exchange, a global institute of thinkers and practitioners from academia, business, government, technology and law with a goal to accelerate into a digital-first approach of the legal industry.
For fiscal year 2021, William Deckelman’s salary was $600,000. His non-equity incentive plan compensation was $823,500, all other compensation of $24,536 and stock awards totaling $2,313,613 brought Deckelman’s total compensation to $3,761,649.
Vinod Bagal, Executive Vice President of DXC Technology’s Global Delivery
Total FY21 Compensation: $ 4,527,860.
Total FY20 Compensation: $2,984,689
In his role, Bagal is responsible for delivering results on a global level, business operations and managing complex organizations to better serve client needs. Prior to coming to DXC in 2019, he served as the senior vice president of global multi-service integration and North America delivery for Cognizant for two years and as the global managing partner for Accenture for 20 years.
For fiscal year 2021, Vinod Bagal’s salary was $625,000. His non-equity incentive plan compensation was $857,500 all other compensation of $18,148 and stock awards totaling $3,027,212 brought Bagal’s total compensation to $4,527,860.
Mary Finch, Executive Vice President and Chief Human Resources Officer
Total FY21 Compensation: $5,575,565
Total FY20 Compensation: $4,196,025
Prior to joining DXC in 2019, Finch served in the same role at AECOM for four years and as a senior managing director at Accenture for nearly 15 years. Finch is responsible for all DXC human resources business and employee engagement globally.
For fiscal year 2021, Mary Finch’s salary was $700,000. Her non-equity incentive plan compensation was $960,500 all other compensation of $15,824 and stock awards totaling $3,899,341 brought Finch’s total compensation to $5,575,565.
Michael Salvino, President and Chief Executive Officer
Total FY21 Compensation: $21,733,120
Total FY20 Compensation: $13,320,505
Salvino, 55, was named president and CEO of DXC in September 2019 and joined the board of directors in May 2019. Prior to joining DXC, Salvino served as managing director of San Francisco-based Carrick Capital Partners from 2016 to 2019. Prior to his tenure at Carrick, Salvino served as group chief executive of Accenture Operations, one of Accenture’s five businesses, where he led a team of more than 100,000 consulting and outsourcing professionals focused on providing business process outsourcing, infrastructure, security and cloud services.
For fiscal year 2021, Michael Salvino’s salary was $1,250,000. His non-equity incentive plan compensation was $5,000,000 all other compensation of $171,808 and stock awards totaling $15,311,312 brought Salvino’s total compensation to $21,733,120.