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Xerox Appoints New CFO

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Business process and document management company Xerox Corp. (XRX - Free Report) recently announced the appointment of Kathryn Mikells as the Chief Financial Officer (CFO) and Executive Vice President. Kathryn will hold the new office from May 2, 2013 after stepping down from her position as the CFO of The ADT Corporation (ADT - Free Report)

Kathryn brings to Xerox extensive experience in financial management along with global business insight in both services and technology. The newly appointed CFO is expected to drive Xerox to newer heights. With her leadership traits, expertise and experience, she is expected to unlock further value. We believe that Kathryn’s sector know-how will prove beneficial for Xerox.

With past experience in companies like ADT where she played a major role in corporate restructuring, Kathryn is expected to bring in transformative changes in Xerox and augment its revenues going forward. Kathryn previously served as CFO at both Nalco and UAL Corporation. Over the years, she has successfully steered the companies where she has worked toward growth through tactical initiatives and expects to emulate similar success in Xerox also.

Headquartered in Norwalk, Conn, Xerox is a leader in the development, manufacture, marketing, servicing and financing of document equipment across the world. The company has three segments Technology, Services and Others. Xerox is looking forward to expand its offerings through inorganic measures and new acquisitions which will help the company to add more clients to its portfolio.

However, the company needs to be wary of its competitors, which include formidable names such as NCR Corp (NCR - Free Report) . Xerox currently has a Zacks Rank #3 (Hold). One of its competitors FARO Technologies Inc (FARO - Free Report) carries a Zacks Rank #1 (Strong Buy).

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