Xerox Workplace Ranks Among ’Top 30’ For Executive Women

STAMFORD, Conn., March 07, 2006 -- Xerox’s culture of equality, opportunity and flexibility has helped earn the company a spot on the 2006 list of “Top 30 Companies for Executive Women,” released today by the National Association for Female Executives, a women’s professional and business association.

NAFE evaluated several criteria, such as pay equity, career opportunities and benefits, and required companies to have at least two women on the board.

“We measured companies on every aspect of women’s advancement, including training programs, manager accountability for women’s advancement, succession planning, work-life balance programs and much more,” said Dr. Betty Spence, NAFE president. “Xerox can be proud of its rising numbers of women in senior management that are clearly the result of giving attention to these issues. Xerox understands the business value of diversity in the workplace and the marketplace.”

At Xerox - the global leader in document technology and services - 27 percent of employees at the level of vice president and above are minority and majority women, according to 2005 year-end data. Three women serve on the Xerox board of directors, and nearly one-third of corporate officers are women, including Xerox’s chairman and chief executive officer.

Xerox’s commitment to an inclusive workplace is reflected in the company’s professional development, training and support programs, including its partnerships with six independent employee caucus groups such as The Women’s Alliance.

The company also offers various work arrangements to help employees balance their lives - such as flex time, job sharing and telecommuting - and benefits such as child-care subsidies, child-care counseling and referral, adoption assistance, first-time homebuyer’s assistance, tuition reimbursement, domestic partner benefits, and other employee assistance programs.

“For over 30 years Xerox has worked to nurture a culture where diversity and differences are not only accepted but encouraged - especially vital for high-tech companies that need creative, world-class technical and business talent to delight our diverse global customers and drive business success,” said Xerox chief technology officer Dr. Sophie Vandebroek, who will represent the company at the NAFE awards event later this month.

The 2006 “Top 30” list marks the fifth time Xerox has been recognized since the list’s 1998 inception; the company also was listed in 1998, 1999, 2004 and 2005. In addition to the NAFE honor, earlier this year Xerox was recognized as a “best place” by LATINA Style, Hispanic Magazine, and the Human Rights Campaign Foundation.

NAFE’s list was developed from research conducted by the organization’s staff and questionnaires completed by each company. The National Association for Female Executives was founded in 1972 and is part of Working Mother Media, which also operates Working Mother magazine. More information is at www.nafe.com.

Contact Information

Kara Choquette

Media Contact

Xerox Corporation

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