Xerox Announces CFO Transition

Xerox Corporation (NYSE: XRX) has announced that Chief Financial Officer Kathryn Mikells is stepping down to pursue another professional opportunity. Mikells will remain with Xerox until    Oct. 31, 2015 in order to ensure a smooth transition of responsibilities. The company will immediately commence an external search process. Leslie Varon, vice president of Investor Relations, will serve as interim chief financial officer until a permanent successor is named. 

“As part of the leadership team, Kathy has helped bring additional focus to the execution of our strategic priorities and attract new talent to the company while ensuring disciplined financial management,” said Ursula Burns, Xerox chairman and chief executive officer. “On behalf of the company, I thank Kathy for her contributions and wish her all the best in her future endeavors.”  

Burns added, “Leslie Varon has served in numerous senior roles across Xerox and we are fortunate to have an executive of her caliber to take on the additional responsibilities of interim CFO.” 

Mikells said, “I have enjoyed working with the talented and dedicated Xerox team led by Ursula. Leaving the company is a difficult decision, but I was presented with a unique opportunity that I could not pass up.” Mikells added, “I joined Xerox because I believed in the company’s strategic direction and I leave knowing it is on the right path, progressing its strategy to deliver increasing value for clients and shareholders.”