Xerox Appoints Ashok Vemuri As CEO Of Post-Separation BPO Company - Quick Facts

(RTTNews) - Xerox Corp.(XRX) Tuesday announced that it has appointed Ashok Vemuri as chief executive officer of the Business Process Outsourcing or BPO company upon the completion of the separation of Xerox into two publicly-traded companies.

Vemuri will join Xerox effective July 1, and serve as chief executive officer of Xerox Business Services, LLC and an executive vice president of Xerox Corp. until the separation is complete.

After the completion of Xerox's planned separation, Vemuri will serve as the chief executive officer and a director of the new BPO company.

Vemuri served as president and chief executive officer of IGATE Corporation from September 2013 to October 2015. Prior to joining IGATE, Vemuri was a senior executive at Infosys where he served as a Board member, head of Americas and the global leader of Manufacturing and Engineering Services.

Prior to joining Infosys in 1999, he worked in the investment banking industry at Deutsche Bank and Bank of America.

It was on January 29 that Xerox announced its plans to separate into two independent, publicly-traded companies - a Document Technology company comprised of its Document Technology and Document Outsourcing businesses and a BPO company.

Xerox is targeting to file its initial Form 10 registration statement with the U.S. Securities and Exchange Commission in July. The transaction is on track to be completed by the end of 2016.