As Xerox prepares to split into two separate companies by the end of this year, it announced yesterday that its board of directors has appointed Jeff Jacobson to be chief executive officer of Xerox Corporation. Jacobson currently serves as president of Xerox Technology and will continue in his current role until the separation is complete.
“Jeff is a great leader with a passion for our business and employees, deep customer relationships and a clear strategic vision to capitalize on the opportunities ahead,” commented Ursula Burns, who is currently CEO of Xerox and will serve as chairman of the board of Xerox following the split.
In January 2016, Xerox announced it would split into two publicly traded companies by the end of the year – Xerox, which will be devoted to document hardware (printers, copier/MFPs and their related solutions and supplies and document outsourcing, and a separate company, called Conduent, which will be devoted to business-process outsourcing (BPO). Jacobson and Burns will be CEO and chairman of Xerox, while Ashok Vemuri will be CEO of Conduent.
Jacobson joined Xerox in 2012 as the president of Xerox’s Global Graphic Communications Operations. He became the president of the Xerox Technology business in 2014, with responsibility for worldwide strategy, sales-channel operations, marketing, technical services, and customer support, product development, manufacturing, and distribution. Prior to Xerox, he served as the president, chief executive officer, and chairman of Presstek, a supplier of digital offset-printing solutions, where he lead a global expansion program.
“I am honored by the board’s decision to appoint me to lead one of the world’s most iconic companies and confident that we will build a bright future for Xerox on the foundation of disciplined management, operational excellence and customer focus that is in place today. As an independent company and with the benefit of the strategic transformation we are aggressively implementing, we will capture the many opportunities available to us to strengthen core businesses and pursue select growth opportunities,” Jacobson said.
Jeff Jacobson Biography
Jacobson is president of the Xerox Technology business. He was named to this position and appointed an executive vice president of the corporation in July 2014. He has been a corporate officer since February 2012.
In his current role, Jacobson leads the company’s technology business, which offers a diverse portfolio of hardware, software ,and services to customers ranging from small businesses to multinational enterprises. He is responsible for worldwide strategy, sales-channel operations, marketing, technical services, and customer support, as well as product development, manufacturing, and distribution.
Jacobson joined Xerox in 2012 as the president of Global Graphic Communications Operations where he led strategy, operations, and product development of the company’s production-printing systems portfolio for the global graphic-communications market. In 2014, as the chief operating officer of the Xerox Technology business, his responsibilities were expanded to include strengthening the technology product and solutions portfolio, managing the cost base and driving supply chain, manufacturing and overall efficiency.
Prior to Xerox, Jacobson served as the president and chief executive officer of Presstek, adding the title of chairman in 2009. Previously, Jacobson 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.
Jacobson, age 56, is a graduate of the State University of New York Buffalo and holds a master’s degree in industrial relations from the Cornell School of Industrial Relations. He also holds a juris doctor degree from Pace University School of Law and is admitted to the bar in New York and New Jersey.
- June 2016: Ashok Vemuri to be CEO of Xerox Business Process Outsourcing Company
- May 2016: Xerox Board Names Ursula Burns Chairman of New Document Technology Company
- May 2016: Xerox Rolls Out Secure Print Manager Suite 2.0, MFP App Customization Service, Plus New Workflow-Automation Solutions
- May 2016: This Week in Imaging: Catching up with Xerox; Merger ‘Not Easy’ for Staples
- April 2016: Profits, Earnings Down for Xerox’s First Quarter
- March 2016: New Xerox i-Series MFPs Feature Latest ConnectKey 3.0 Apps for Document-Processing, WorkFlow, Supply-Ordering, More
- March 2016: Xerox Obtains $1 Billion Loan from Seven Banks
- March 2016: Xerox Launches its First Cut-Sheet Inkjet Press, the Brenva HD, Plus New Continuous-Feed Inkjet Printer Platform
- February 2016: Difficult Fourth Quarter for Xerox, But Surge in Entry-Level Color A4 MFP Sales
- January 2016: Xerox to Split into Two Companies, One Devoted to Printers, Copiers, Other to Business-Process Outsourcing