Chairman of the Board Ursula Burns has retired from the Xerox Board of Directors effective May 23, 2017, and Robert Keegan has been named non-executive chairman. Keegan has been a director since 2010 and formerly served as 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. We admire her personal and professional commitment to our success,” said CEO Jeff Jacobson.

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.” He added, “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 also announced a quarterly cash dividend of 6.25 cents per share on Xerox common stock.