Ursula Burns Retires From Xerox Board

xerox logoXerox Corporation’s Board of Directors has named Robert Keegan non-executive chairman with the retirement of former Chairman of the Board, Ursula Burns, effective May 23, 2017. Keegan previously served as a director since 2010 and before that was chief executive officer and president of The Goodyear Tire & Rubber Company. “Throughout Ursula’s career, she has demonstrated a passion and love for the company,” said CEO Jeff Jacobson. “We admire her personal and professional commitment to our success.” At its annual meeting of shareholders recently, Jacobson discussed the company’s financial performance in 2016, and outlined the company’s strategy to enhance value for Xerox shareholders. “Our foundation is strong, our product portfolio is as deep as it has ever been, and our customers are responding to our renewed focus on the document technology market,” said Jacobson. “This is a new Xerox and we are bringing innovative solutions to the market that will strengthen our business and enable attractive returns to our shareholders.” Xerox, headquartered in Norwalk, Conn.,  also announced a quarterly cash dividend of 6.25 cents per share on common stock.