Xerox names Ashok Vemuri as CEO of post-split BPO business
The logo of Xerox company is seen on a building in Minsk, Belarus, March 21, 2016. REUTERS/Vasily Fedosenko - RTX2C64C
Get Alerts XRX Hot Sheet
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 5.4%
EPS Growth %: -87.8%
Join SI Premium – FREE
(Reuters) - Xerox Corp (NYSE: XRX) said on Tuesday Ashok Vemuri will become the chief executive of its business process outsourcing unit after the company splits into two publicly traded entities.
Vemuri, who previously headed IT services provider IGATE Corp from September 2013 to October 2015, will join Xerox effective July 1.
While at IGATE, Vemuri led the company's sale to French rival Cap Gemini SA
In January, Xerox announced plans to split its legacy printer operations and its business process outsourcing units into two companies.
Xerox has not said who will head its printer business but current Chief Executive Ursula Burns will become chairman of that company once the transaction closes, expected by the end of 2016.
(Reporting by Anya George Tharakan in Bengaluru; Editing by Sriraj Kalluvila)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Helping to Diagnose and Treat Heart Disease, Tumors, and Other Conditions at the Intersection of Physics, Molecular Biology, and High-Performance Computing
- Oil prices rise as US official eases market concerns over economic headwinds
- Bank of Japan may signal near-term rate hike with new price forecasts
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!