Xerox to Name Jeff Jacobson to Succeed Ursula Burns as CEO

By Drew FitzGerald and David Benoit

Xerox Corp. has tapped insider Jeff Jacobson to lead its core copier and printing business after the company’s split later this year, leaving the top job at its namesake business in familiar hands, according to a person familiar with the matter.

Mr. Jacobson will succeed Ursula Burns, who said earlier this year she would step aside as CEO but remain chairman of the copier business. Xerox plans to split itself into one company focused on its core documents business and a second called Conduent Inc. that provides outsourcing services.

Mr. Jacobson, currently president of Xerox Technology, was considered a front-runner for the documents company’s corner office, according to people familiar with the matter. He joined Xerox in 2012 to lead its graphics communications division. He was previously chief executive of commercial printer Presstek. He also held senior roles at Eastman Kodak, another company that, like Xerox, has had a historically heavy presence in Rochester, N.Y.