Xerox Chairman and CEO Ursula Burns will serve as chairman of the board of the Norwalk-based firm’s yet-to-be-named document technology company following the completion of the separation of Xerox into two independent, publicly-traded businesses.
Xerox announced in January that it would split into two companies: a document technology company comprised of its document technology and document outsourcing businesses, and a business process outsourcing (BPO) company. The separation is expected to be completed by the end of the year.
Burns — who began at Xerox as an intern in 1980 — will be overseeing a business that accounted for some $11 billion in revenue in 2015.
While saying she was looking forward to the transition, Burns added that her focus for now would remain “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.”
As for the BPO company, which accounted for approximately $7 billion in 2015 revenue, she said: “Our search for leadership is well underway and we have an extremely strong pool of talent across our organization as well as external candidates to build our management teams. 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.”