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Xerox Announces Executive Appointments

Press release from the issuing company

STAMFORD, Conn.--Sept. 27, 2002--Xerox Corporation announced today the following executive appointments: * Richard F. Cerrone has been named senior vice president and general manager of Xerox's European Office Operations, reporting to Jean Noel Machon, president, Xerox Europe, and James Miller, president, Xerox Office Printing Business. Cerrone currently leads Xerox's North American Agent Operations. His new appointment is effective Jan. 1, 2003. * D. Cameron Hyde has been named senior vice president and general manager, Xerox North American Agent Operations, also reporting to Miller. Hyde now serves as president and chief executive officer of Xerox Canada Ltd. Doug Lord moves to the president and CEO post of Xerox Canada, Ltd. Lord is currently senior vice president, North American Graphic Arts Operations. Both appointments are also effective Jan. 1. * Gregory B. Tayler has accepted a position in Xerox Canada providing assistance during this leadership transition. As such, his appointment is effective immediately. Since joining Xerox in 1991, Tayler has held several senior finance positions in operations and planning in Xerox Canada before moving into corporate positions, including the most recently held post of corporate treasurer. Xerox Chief Financial Officer Lawrence A. Zimmerman will assume the role of treasurer in an acting capacity until a new treasurer is named.