Jeff Jacobson to Become CEO of Xerox Corporation Following Completion of Separation

Xerox announced that its board of directors appointed Jeff Jacobson to be CEO of Xerox Corporation following the completion of the company’s planned separation into two publicly traded companies. Jacobson currently serves as president of Xerox Technology and will continue in his current role until the separation is complete.
 
“During his four years at Xerox, Jeff has driven significant productivity and cost efficiency efforts while maintaining our commitment to innovation, quality and leading technology,” said chairman Ursula Burns. “With his previous public-company CEO experience and his track record and achievements at Xerox, the Board and I are confident he is the best person to lead Xerox forward.”
 
Jacobson joined Xerox in 2012 as the president of Global Graphic Communications Operations. He became the president of the Xerox Technology business in 2014. Prior to Xerox, he served as the president, CEO and chairman of Presstek.
 
“Jeff is clearly the right leader for Xerox’s document technology company,” said Ann Reese, Xerox’s lead independent director. “Jeff has shown he is well-equipped to execute on the work we are doing now and to leverage future opportunities for the benefit of our shareholders, clients, partners and employees.”
 
On Jan. 29, 2016, Xerox announced its plans to separate into two independent, publicly traded companies – Xerox, which will be comprised of the company’s Document Technology and Document Outsourcing businesses, and Conduent a business process services company. The company is on track to complete the separation by the end of 2016.
 
Jacobson is president of the Xerox Technology business. He was named to this position and appointed an EVP of the corporation in July 2014. Jacobson has been a corporate officer since February 2012.
 
In his current role, Jacobson leads the company’s technology business, which offers a diverse portfolio of hardware, software and services to customers ranging from small businesses to multinational enterprises.
 
Jacobson joined Xerox in 2012 as the president of Global Graphic Communications Operations where he led strategy, operations and product development of the company’s production systems portfolio for the global graphic communications market. In 2014, as the chief operating officer of the Xerox Technology business, his responsibilities were expanded to include strengthening the technology product and solutions portfolio, managing the cost base and driving supply chain, manufacturing and overall efficiencies.
 
Prior to Xerox, Jacobson served as the president and CEO of Presstek, adding the title of chairman in 2009. Previously, Jacobson was COO of Eastman Kodak Company’s $3.6 billion Graphic Communications Group. He also served for five years as CEO of Kodak Polychrome Graphics, a $1.7 billion joint venture between Sun Chemical and Eastman Kodak.