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Xerox Announces Executive Appointments

NORWALK, Conn.-(Business Wire)-September 4, 2008 - Xerox Corporation (NYSE: XRX) today announced the appointment of James Firestone to the position of president, Corporate Operations.

In this new position, he is responsible for research, strategy, information management, human resources and ethics, marketing and communications, Fuji Xerox relations, and Xerox’s environmental sustainability initiatives. Prior to this role, Firestone was president, Xerox North America, responsible for the direct and indirect sales, service and marketing of Xerox systems and services in the U.S. and Canada.

“Jim’s exceptional strategic insights, diverse experience and deep industry knowledge are ideally suited for this new role and give us the opportunity to better integrate core corporate functions that support all areas of our enterprise worldwide,” said Anne Mulcahy, Xerox chairman and chief executive officer.

“With this change, we’re also taking the opportunity to realign our North American operations by increasing the organizational support for our growing network of sales partners while continuing to strengthen global and major U.S. account relationships through our direct sales force,” she added.

The company’s North American operations will now be organized through these two groups:

North American Solutions Group, led by Doug Lord, and includes all direct sales and service in the U.S. and Canada. This change expands Lord’s current role as head of Xerox’s U.S. Solutions Group.
North American Channels Group, led by Russell Peacock, and includes Xerox’s partnerships with agents, resellers, distributors, and its wholly owned subsidiary Global Imaging Systems. Peacock was previously president of the Xerox Office Group, a role now assumed by Rick Dastin.

Firestone, 53, joined Xerox in 1998 from IBM. He has served as Xerox’s chief strategist and, last year, led the company’s $1.5 billion acquisition of Global Imaging Systems, increasing Xerox’s access to small and mid-size businesses in the U.S. by 50 percent. Firestone is an executive vice president of the corporation. In his new position, he’ll report to Xerox president Ursula Burns.

Lord, 58, joined Xerox in 1976 in Canada, and has experience not only in Xerox sales management but also in marketing, human resources, supply chain and customer service. He served as president of Xerox Canada from 2003 – 2007, and then assumed the role of head of the U.S. sales group. He is a vice president of the corporation and will now report to Xerox CEO Anne Mulcahy.

Peacock, 50, joined Xerox in 1982 as a field sales representative in London. He has served as the managing director of Xerox United Kingdom and led the company’s $8 billion global office business, which includes engineering, development and marketing of Xerox products and service for offices small to large. He is a vice president of the corporation and will also now report to Mulcahy.

Dastin, 49, joined Xerox in 1981 and has held a variety of positions in advanced development and technology, product design, engineering, marketing, product launch and customer support. Prior to his appointment as president, Xerox Office Group, Dastin led the engineering and product delivery of Xerox’s A3 multifunction systems as well as controller software for the Xerox Office Group. In his new position, he reports directly to Burns.

All appointments are effective immediately.

Customer Contacts:

For more information about Xerox products and services, visit http://www.xerox.com or call 800-ASK-XEROX.

Note: For more comprehensive executive biographies as well as executive photos, visit www.xerox.com/news. For open commentary and industry perspectives, visit http://www.xerox.com/blogs or http://www.xerox.com/podcasts.

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