Eric Armour Named Xerox’s Chief Strategist

STAMFORD, Conn.- Xerox Corporation (NYSE: XRX) announced today the appointment of Eric Armour as vice president, corporate strategy. He serves as the company’s chief strategist, responsible for leading Xerox’s strategic management processes and development activities as well as managing the company’s relationship with alliance partners and with Fuji Xerox Co., Ltd.

Armour joins Xerox from the investment firm RHJ International, where he was an industrial partner helping to evaluate private equity investments and providing counsel to portfolio companies. Prior to RHJI, Armour was president and general manager of The Gillette Company’s BRAUN global business division, headquartered in Germany. He also served as vice president of planning and integration for Gillette during its merger with Procter & Gamble. From 1990-2003, Armour was with Marakon Associates, the international consulting firm, where as a partner he directed multimillion dollar-valued improvement programs and strategic initiatives for clients in consumer products, financial services, pharmaceuticals, aerospace and other industries. He also led Marakon’s North American recruitment activities and was a member of the firm’s operations committee.

Armour, 48, earned his M.B.A. from Harvard University with the designation of Baker Scholar, and a Bachelor of Science degree with distinction from the U.S. Naval Academy. He was a U.S. Navy fighter pilot from 1981-1988 while also holding leadership positions in maintenance and operations.

Reporting to Xerox president Ursula Burns, Armour, whose appointment is effective immediately, succeeds John McDermott as the company’s chief strategist. McDermott was named chief information officer of Xerox earlier this year.