Xerox Names Ursula Burns Chairman Of Post-split Document Technology Company

(RTTNews) - Document technology and business process services provide Xerox Corp.'s (XRX) board of directors said 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.

Burns will continue in her current role as chairman and chief executive officer of Xerox until the separation.

In January, Xerox said it would separate into two stand alone, companies - a document technology company comprised of its Document Technology and Document Outsourcing businesses, and a business process outsourcing or BPO company.

Xerox noted that the separation is on track to be completed by the end of 2016. According to the company, the document technology company will be a global leader in document management and document outsourcing with $11 billion in 2015 revenue.

With about $7 billion in 2015 revenue - more than 90 percent of which is annuity based - the BPO company is focused on attractive growth markets including transportation, healthcare, commercial and government services.