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Association for Female Executives Ranks Xerox among Top 30

Press release from the issuing company

STAMFORD, Conn.--Jan. 13, 2004-- Xerox Corporation today was named one of the top 30 companies for executive women to work by the National Association for Female Executives, a major association for women professionals and business owners. Companies selected by NAFE for its 2004 "Top 30" list must demonstrate at least two women on the board of directors, an increasing number of women in senior management, programs that groom women for upper management, flex time and other initiatives. NAFE also considers the number of women with profit and loss responsibility. "During its stunning turnaround, Xerox continued to emphasize women's advancement, and today has women in positions integral to revenue-generation and bringing new technologies to market," said Dr. Betty Spence, president of the National Association for Female Executives. "The company's strong numbers of women in senior ranks -- including its CEO -- should put it on any woman's short list of places to work." At Xerox, the leader in document technology and services, women make up about one-third of the company's U.S. employee population. At the level of vice president and above, about 21 percent are women including Xerox's chairman and chief executive, president of business group operations, chief engineer, chief information officer, chief marketing officer, corporate secretary, corporate treasurer and general counsel. Women hold 25 percent of seats on Xerox's board of directors. "Sustaining a diverse workforce is one of the cornerstones of Xerox's success, and it's not an option but an imperative for the company to grow to its full potential," said Philip Harlow, Xerox chief diversity and employee advocacy officer. "NAFE's inclusion of Xerox on the Top 30 list for executive women offers further validation that our core values make the company a place where employees are empowered, can develop their talents and create strong careers." Xerox also earned a spot in the rankings in 1999 and in 1998, when the Top 30 list was established. The company has a long record of achieving its balanced work force goals through leadership training and development opportunities, succession planning, and ongoing operations reviews. To help employees balance their personal and professional lives, Xerox offers a broad variety of career and work/life benefits such as flex time, job sharing and telecommuting. In addition, Xerox offers benefits such as tuition reimbursement, child-care subsidies, child-care counseling and referral, first-time homebuyer's assistance and adoption assistance. The NAFE rankings are determined through research conducted by the organization's editorial staff, and more detail can be found at www.nafe.com. The National Association for Female Executives, founded in 1972, is owned by Working Mother Media, which also operates Working Mother and NAFE magazines.