Xerox names Ursula Burns chairman of Document Technology company

Print Solutions

The board of directors of Xerox have announced that Ursula Burns will serve as chairman of the board of the Document Technology company following the completion of the separation of Xerox into two independent, publicly traded companies. She will continue in her current role as chairman and chief executive officer of Xerox until the separation.

In January, Xerox announced it would separate into two standalone, market leading companies – a Document Technology company comprised of its Document Technology and Document Outsourcing businesses and a Business Process Outsourcing (BPO) company. The separation is on track to be completed by the end of 2016. The Document Technology company will be a global leader in document management and document outsourcing with $11 billion in 2015 revenue.

‘Ursula’s deep industry experience and relationships along with her proven leadership skills will be valuable assets for the Document Technology company and will help ensure a smooth transition to a new management team,’ said Ann Reese, Xerox’s lead independent director. ‘The company will be well positioned to leverage its global industry leadership, strategic focus and ability to innovate post separation and we are very pleased that Ursula will continue to play a critical role in making that happen.’

‘I am looking forward to my role as chairman of the Document Technology company and to continuing my deep personal and professional commitment to its success,’ Ursula said. ‘I remain focused, however, on ensuring Xerox and the post separation companies are positioned to build on our strong heritage and capture new opportunities we have identified to create value for employees, customers and shareholders.’

‘Our search for leadership is well underway and we have an extremely strong pool of talent across our organisation as well as external candidates to build our management teams,’ she added. ‘We have made significant progress toward creating two strong companies and I am confident that our decision to separate will position both businesses for continued success.’