Press release

Xerox Names Naresh Shanker SVP, Chief Technology Officer

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Xerox
(NYSE: XRX) announced today the appointment of Naresh Shanker as senior
vice president, chief technology officer, effective May 6. He will
report to John Visentin, vice chairman and CEO of Xerox, and will serve
as a member of the company’s Executive Committee.

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Naresh Shanker, senior vice president, chief technology officer, Xerox Corporation (Photo: Business  ...

Naresh Shanker, senior vice president, chief technology officer, Xerox Corporation (Photo: Business Wire)

“Naresh is a proven innovator with an impressive record of leading
large-scale, digital transformations that help business growth and
profitability,” said Visentin. “His experience and expertise will be
essential as we execute on our innovation roadmap and reposition Xerox
for long-term, sustainable growth.”

Shanker, who joined Xerox in January, will succeed Steve Hoover and will
be responsible for research and product development and an increasingly
digital information technology operation.

Prior to joining Xerox, Shanker was chief information officer of HP Inc.
There, he led the company’s transition to a digital services business,
delivering material operational and bottom-line improvements through
strategic and transformative IT programs. He also has held senior
leadership roles at Palm Inc. and Agilent Technologies and holds a U.S.
patent for developing software that enables high-volume,
microtransactions from a digital storefront.

“Xerox has a legacy of turning ideas once thought impossible into new
innovations. I am honored to help Xerox develop and commercialize new
products and solutions as well as evolve existing offerings to add value
for our clients,” said Shanker.

About Xerox

In the era of intelligent work, we’re not just thinking about the
future, we’re making it. Xerox
Corporation
is a technology leader focused on the intersection of
digital and physical. We use automation and next-generation
personalization to redefine productivity, drive growth and make the
world more secure. Every day, our innovative technologies and
intelligent work solutions—Powered by Xerox ®—help people
communicate and work better. Discover more at www.xerox.com
and follow us on Twitter at @Xerox.

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