Xerox Board Elects Zagalo de Lima as Executive Vice President, Peacock as Senior Vice President of Corporation

NORWALK, Conn. -- Xerox Corporation’s (NYSE: XRX) board of directors yesterday elected Armando Zagalo de Lima as an executive vice president of the corporation, and Russell Peacock as a senior vice president of the corporation.

Effective March 1, Zagalo de Lima, 51, becomes president, Xerox Global Customer Operations, responsible for all worldwide sales, service and customer administration activities for Xerox’s document technology, services and solutions. He currently leads Xerox Europe and will continue to do so in his expanded role. Xerox’s North American and developing markets operations will also report to Zagalo de Lima.

Russell Peacock becomes president, Xerox North America - a role that brings the North America Solutions Group and North American Channels Group under his leadership. Peacock, 51, currently heads up Xerox’s North American Channels Group, which includes the company’s agent operations, resellers, inside sales, and Global Imaging Systems. He will retain leadership of these organizations in his new role.

About Xerox
Xerox Corporation is a $22 billion leading global enterprise for business process and document management. Through its broad portfolio of technology, business process and services and outsourcing offerings, 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 supplies for production and office environments of any size. Through ACS, A Xerox Company, which Xerox acquired in February 2010, Xerox also offers extensive business process outsourcing and information technology 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.