Xerox Announces Two Executive Changes

July 1, 2014

Jeff JacobsonToday, Xerox has announced that Jeff Jacobson will serve as the new president of the Xerox Technology Business with the retirement of Armando Zagalo de Lima.

“Armando has put the Technology Business on a solid foundation by transforming the organization to be more customer focused, profitable and well positioned to continuously adapt to the changes in the market,” said Ursula Burns, Xerox CEO. “Armando brought Jeff, an industry veteran, into the company two years ago. Since joining Xerox, Jeff has demonstrated his knowledge, leadership and passion for the business and our customers. We now entrust him to execute on the strategy, one that is well planned and positions us for long term market leadership and profitability. I’m confident the business is in extremely capable hands with Jeff.”

Jeff joined Xerox in February of 2012 from Presstek where he served as the company’s president and chief executive officer since 2007, adding the title of chairman in 2009. Presstek is a supplier of digital offset printing solutions to the printing and communications industries. Prior to his role at Presstek, Jeff was chief operating officer 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.

Armando joined Xerox in Portugal in 1983 and held sales, marketing and management positions across Europe, ultimately serving as president of Xerox Europe. He has been president of the Technology Business since 2012.

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