Ursula Burns Retires from Xerox

Ursula Burns has retired, naming Robert Keegan as the new non-executive Chairman on the Board of Directors at the company’s annual meeting of shareholders. Burns’ retirement had been previously announced but has now become effective.

“Throughout Ursula’s career, she has demonstrated a passion and love for the company. We admire her personal and professional commitment to our success,” said Jeff Jacobson, CEO of Xerox. “I look forward to working more closely with Bob as he steps into the chairman role. His experiences leading businesses through turnarounds continues to be a great benefit to the Xerox team.”

The board also declared a quarterly cash dividend of $20 per share on Xerox Series B Convertible Perpetual Preferred Stock. The dividend is payable on July 1, 2017 to those shareholders listed as at June 15, 2017.