Xerox announces upcoming addition of Joe Echevarria and Cheryl Krongard to its Board of Directors

– USA, CT – Xerox (NYSE:XRX) announced today the appointment of Joseph J. Echevarria, the former chief executive officer of Deloitte LLP, and Cheryl G. Krongard, a former senior partner with Apollo Management LP, to the Xerox board of directors effective January 1, 2017. With these additions, the Xerox Board will comprise eleven directors.

“We’re pleased to have Joe and Cheryl, two highly successful professionals with extensive governance experience, join our board,” said Xerox Chairman and CEO Ursula Burns. “Xerox will greatly benefit from Joe’s knowledge of international business and professional services and Cheryl’s expertise in institutional asset management, as we begin our exciting next phase after our separation into two independent companies.”

Mr. Echevarria is also on the board of directors of the Bank of New York Mellon Corp., Unum Group, and Pfizer Inc. Mrs. Krongard currently serves as a director on the boards of Legg Mason, Inc. and Air Lease Corporation.

About Xerox

Xerox is helping change the way the world works. By applying our expertise in imaging, business process, analytics, automation and user-centric insights, we engineer the flow of work to provide greater productivity, efficiency and personalization. Our employees create meaningful innovations and provide business process services, printing equipment, software and solutions that make a real difference for our clients and their customers in 180 countries. On January 29, 2016, Xerox announced its plans to separate into two independent, publicly traded companies – Xerox Corporation, which will be comprised of the company’s Document Technology and Document Outsourcing businesses, and Conduent Incorporated, a business process services company.

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