Xerox (NYSE: XRX) announced today that Brian Webb-Walsh will serve as chief financial officer of Conduent Incorporated, upon completion of the separation of Xerox into two publicly-traded companies at the end of the year.
Webb-Walsh is currently the CFO for Xerox Services, responsible for all financial aspects of the business. Previously he led the finance function for the company’s government healthcare and health enterprise businesses. During his career he also supported Xerox’s large enterprise operations, global document outsourcing business and litigation services. Additionally, he’s held senior roles in investor relations and corporate financial planning and analysis.
“Brian has nearly twenty years of experience with Xerox, strong financial discipline, deep roots in the services business and a keen understanding of how to advance opportunities in growth markets,” said Ashok Vemuri, recently appointed CEO of Conduent.
“Our improved portfolio focus on attractive growth markets and leadership positions in key market segments make this an incredibly appealing opportunity,” said Webb-Walsh. “I look forward to leading Conduent’s financial strategy as the company seeks to create shareholder value by driving profitable growth and margin expansion.”
Webb-Walsh holds a Masters of Business Administration from Rochester Institute of Technology, a master’s in accounting from George Washington University and a bachelor’s in management from the State University of New York at Geneseo.
With approximately $7 billion in 2015 revenue and 93,000 employees worldwide, Conduent will be a Fortune 500 scale business process services company with expertise in transaction-intensive processing, analytics and automation. Conduent’s differentiated offerings touch millions of lives, including two-thirds of all insured patients in the U.S. and more than half of all mobile phone subscribers in the U.S. It will have the second-largest market share in the business process outsourcing industry.
Additional Conduent leadership appointments will be announced at a later date.
Xerox is helping change the way the world works. By applying our expertise in imaging, business process, analytics, automation and user-centric insights, we engineer the flow of work to provide greater productivity, efficiency and personalization. Our employees create meaningful innovations and provide business process services, printing equipment, software and solutions that make a real difference for our clients and their customers in 180 countries. On January 29, 2016, Xerox announced its plans to separate into two independent, publicly traded companies – Xerox Corporation, which will be comprised of the company’s Document Technology and Document Outsourcing businesses, and Conduent Incorporated, a business process services company. The company is on track to complete the separation by the end of 2016.