Xerox Canada Names New President and CEO

TORONTO, June 11 /CNW/ - Xerox Canada Inc. today announced the appointment of Mandy Shapansky to president, chief executive officer and chairman effective July 1. Shapansky replaces Kevin Warren, who will assume the role of president, Xerox's U.S. Solutions Group, based in Rochester, New York.

Prior to this appointment, Shapansky was chief financial officer and chief of staff for Xerox Canada - a role she has held since 2002. She joined the company in 1985, and since that time has held a variety of leadership roles in marketing and finance.

In her new role, Shapansky will lead a team of 3,600 employees who deliver annual revenue of more than $1.2 billion. She will be responsible for all aspects of Xerox Canada, including sales and support of Xerox's portfolio of document technology and services, human resources, marketing, and other operations within the country. Shapansky will report to Russell Peacock, president, Xerox North America.

"Xerox Canada has an outstanding history of leadership. During his tenure, Kevin Warren was able to grow annual revenue during a very challenging economic period," said Peacock. "Mandy's lateral thinking in the area of corporate finance has made Xerox Canada one of the top performing operations in the Xerox world. Her appointment to CEO will allow her to expand on this vision of growth."

Shapansky holds an honours bachelor of arts degree in economics from the University of Waterloo, and is a chartered accountant. She serves on the board of Altruvest Charitable Services and is a member of Financial Executives International Canada. She resides in Toronto with her husband and four children.

About Xerox

Xerox Corporation is a $22 billion leading global enterprise for business process and document management. Through its broad portfolio of technology and services, Xerox provides the essential back-office support that clears the way for clients to focus on what they do best: their real business. Headquartered in Norwalk, Conn., Xerox provides leading-edge document technology, services, software and genuine Xerox supplies for graphic communication and office printing environments of any size. Through ACS, A Xerox Company, which Xerox acquired in February 2010, Xerox also offers extensive business process outsourcing and IT outsourcing services, including data processing, HR benefits management, finance support, and customer relationship management services for commercial and government organizations worldwide. The 130,000 people of Xerox serve clients in more than 160 countries. For more information visit http://www.xerox.com, http://news.xerox.com or http://www.acs-inc.com. For investor information, visit http://www.xerox.com/investor. For information specific to Canada, visit http://www.xerox.ca.

Note: For open commentary, industry perspectives and views from events visit http://twitter.com/xeroxcorp, http://twitter.com/xeroxevents, http://www.xerox.com/blogs or http://www.xerox.com/podcasts.

This release contains forward-looking information that is subject to a number of risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, such forward-looking information.

Xerox(R) and the sphere of connectivity design are trademarks of Xerox Corporation in Canada and other countries.

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SOURCE Xerox Canada

For further information: For further information: Media Contact: Laura Mergelas, Xerox Canada, 416-733-6216 (o), 647-801-2711 (m) laura.mergelas@xerox.com

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