Xerox Appoints Jeff Jacobson As CEO Following Separation

(RTTNews) - Xerox Corp. (XRX) Thursday announced the appointment of Jeff Jacobson as the Chief Executive Officer of its printing business after the completion of Xerox's separation later this year.

Jacobson, who currently serves as president of Xerox Technology, will succeed Ursula Burns, who earlier this year announced her resignation from the post after the split. But, Burns will remain chairman of the copier business.

Earlier this year, Xerox said it would separate into two companies - one that focuses on its core copier business, while the other would be BPO company called Conduent Inc.

Xerox noted that the separation is on track to be completed by the end of 2016.

Jacobson had 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, chief executive officer and chairman of Presstek, a supplier of digital offset printing solutions.