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Xerox Names Kathryn Mikells Chief Financial Officer

Stocks in this article: XRX

Xerox (NYSE: XRX) announced today the appointment of Kathryn Mikells as chief financial officer and an executive vice president of the corporation.

Mikells is currently CFO of The ADT Corporation, a position she assumed in April 2012 following financial leadership roles at Nalco and UAL Corporation. She joins Xerox on May 2.

“Kathy brings to Xerox extensive experience in financial management coupled with broad global business acumen in both services and technology,” said Ursula Burns, Xerox chairman and chief executive officer. “Her demonstrated success in transforming complex business models complements the strengths of Xerox’s management team and will help us further advance our services-led growth initiatives.”

As CFO of The ADT Corporation, Mikells helped guide ADT’s successful transition into an independent publicly traded company following its separation from Tyco. Prior to joining ADT, Mikells was chief financial officer of Nalco, a global provider of water treatment and energy technologies. She joined Nalco in 2010 from UAL Corporation, the parent company of United Airlines, where she served as executive vice president and chief financial officer. During her 16 years with UAL, Mikells held a variety of senior leadership roles, including head of investor relations, vice president of financial planning and analysis, and treasurer. Before joining UAL, Mikells spent six years in the financial services industry at GE Capital, Household International and CIBC.

“With more than half of Xerox’s revenue now coming from services, the company’s global growth opportunities are as impressive as its well-respected brand and innovation,” said Mikells. “Xerox is well down its strategic path toward building sustainable value for all its stakeholders. It's a privilege to be part of such a reputable enterprise and to have the opportunity to contribute to Xerox's future success.”

Mikells, 47, serves on the board of directors for The Hartford Financial Services Group, Inc. She holds a Bachelor of Science degree from the University of Illinois and an M.B.A. from the University of Chicago Booth School of Business.

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