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Stephen Cronin Named President, Xerox Global Services

Press release from the issuing company

STAMFORD, Conn.-- Xerox Corporation announced today the appointment of M. Stephen Cronin to president, Xerox Global Services. He replaces Tom Dolan, who is assuming the role of president, Xerox Global Accounts. Cronin is responsible for driving Xerox's growth in document management services including consulting and outsourcing services, records management, digital imaging, e-discovery for litigation support and managed services in more than 130 countries. Cronin, 53, joined Xerox in 1989 as human resource director for Xerox's European Systems Business. He has since held a variety of positions including director of Xerox Europe marketing and communications, and managing director of Xerox United Kingdom/Ireland, where he was responsible for the sales and marketing of the full product and global services portfolio. Most recently, Cronin served as chief of staff for Xerox's Developing Markets Operations. "Stephen has demonstrated a clear understanding of customers' needs in businesses small to large and anywhere around the world," said Anne M. Mulcahy, Xerox chairman and chief executive officer. "His global experience, well respected leadership and services-led approach to creating a competitive value proposition for our customers will help keep Xerox Global Services on a solid growth track." Last year, Xerox Global Services generated about $3.5 billion in revenue for Xerox. Contract signings for document management services were up more than 15 percent in 2006. Cronin will report to Mulcahy. His appointment is effective immediately.