(NYSE: XRX) today announced that Luca Maestri, executive vice president and chief financial officer, is leaving the company, effective February 28, to assume the role of corporate controller at Apple.
"Luca is a stellar finance executive whose contributions have brought great value to the transformation of Xerox into a
, Xerox chairman and chief executive officer. "He's helped strengthen our financial foundation, which will serve his successor, our company and our shareholders well for the long term."
Added Maestri, "I came to Xerox with a strong belief in its strategic direction and I leave with even greater confidence in the company's rich opportunity as a leader in outsourcing services and
. It's been an incredible learning experience to be part of this major business shift for such a respected brand. I'm proud of our progress, and I know Xerox is on very firm footing for sustainable success."
Burns noted that the company has initiated an external search for a new CFO, and that Maestri will be with Xerox through the end of February to help manage the financial leadership transition. She added that the company remains on track to meet its fourth-quarter guidance, which include GAAP earnings per share of 24 to 26 cents or adjusted earnings per share of 28 to 30 cents. Xerox will announce its fourth-quarter and full-year 2012 earnings on January 24.
With sales approaching $23 billion,
(NYSE: XRX) is the world’s leading enterprise for
. Its technology, expertise and
enable workplaces – from small businesses to large global enterprises – to simplify the way work gets done so they operate more effectively and focus more on what matters most: their
. Headquartered in Norwalk, Conn., Xerox offers
business process outsourcing
IT outsourcing services
, including data processing,
HR benefits management
customer relationship management services
for commercial and government organizations worldwide. The company also provides extensive leading-edge
genuine Xerox supplies
office printing environments
of any size. The 140,000 people of Xerox serve clients in more than 160 countries. For more information, visit
. For investor information, visit
Non- GAAP Measures:
This release refers to the non-GAAP financial measure adjusted EPS (earnings per share). Fourth-quarter 2012 guidance excludes the amortization of intangible assets.