Xerox's CFO Resigns To Becomes Corp Controller At Apple Inc

2013-01-15T08:22:16-05:00

Xerox's CFO Resigns To Becomes Corp Controller At Apple Inc Business process and document management company Xerox Corp. (<a href="http://www.zacks.com/stock/news/90337/xeroxs-cfo-resigns#" alt="XRX Stock Quote" title="XRX Stock Quote" style="font-weight:bold;">XRX</a> - <a href="http://www.zacks.com/registration/pfp/?ALERT=zrmodule&ADID=ZACKS_PFP_ZRMODULE&skip_rpt_name_check=skip_rpt_name_check&t=XRX" target="_blank" alt="Analyst Report" title="Analyst Report">Analyst Report</a>) recently announced that Luca Maestri, Executive Vice President (VP) and Chief Financial Officer (CFO), has resigned from his post effective February 28, 2013, to join as the corporate controller in Apple Inc. (<a href="http://www.zacks.com/stock/news/90337/xeroxs-cfo-resigns#" alt="AAPL Stock Quote" title="AAPL Stock Quote" style="font-weight:bold;">AAPL</a> - <a href="http://www.zacks.com/registration/pfp/?ALERT=zrmodule&ADID=ZACKS_PFP_ZRMODULE&skip_rpt_name_check=skip_rpt_name_check&t=AAPL" target="_blank" alt="Analyst Report" title="Analyst Report">Analyst Report</a>). Luca’s exit from Xerox’s helm is likely to affect its normal functioning, especially in the current challenging macroeconomic environment. The company has already started its search for a new CFO. Despite tough competition and top-line challenges, Xerox witnessed remarkable success in its operations under his leadership. In addition, Luca played a key role in shaping Xerox’s strategic and operational plans. Over the years, he had successfully steered the company toward growth through tactical initiatives and expects the company to be a leader in outsourcing services in future, irrespective of the change in top leadership. Xerox is expected to release its fourth-quarter 2012 results on January 24, 2013. The company had earlier reiterated its fourth-quarter GAAP earnings guidance in the range of 24 to 26 cents a share. The Zacks Consensus Estimate for the fourth quarter earnings is currently pegged at 28 cents.

Tonernews.com, January 15, 2013. USA

This topic has 0 replies, 1 voice, and was last updated 11 years, 2 months ago by Anonymous.

Viewing 1 post (of 1 total)

Author

Posts
#5791

Anonymous
Inactive

Xerox’s CFO Resigns To Becomes Corp Controller At Apple Inc
Business process and document management company Xerox Corp. (<a href=”http://www.zacks.com/stock/news/90337/xeroxs-cfo-resigns#” alt=”XRX Stock Quote” title=”XRX Stock Quote” style=”font-weight:bold;”>XRX</a> – <a href=”http://www.zacks.com/registration/pfp/?ALERT=zrmodule&ADID=ZACKS_PFP_ZRMODULE&skip_rpt_name_check=skip_rpt_name_check&t=XRX” target=”_blank” alt=”Analyst Report” title=”Analyst Report”>Analyst Report</a>) recently announced that Luca Maestri, Executive Vice President (VP) and Chief Financial Officer (CFO), has resigned from his post effective February 28, 2013, to join as the corporate controller in Apple Inc. (<a href=”http://www.zacks.com/stock/news/90337/xeroxs-cfo-resigns#” alt=”AAPL Stock Quote” title=”AAPL Stock Quote” style=”font-weight:bold;”>AAPL</a> – <a href=”http://www.zacks.com/registration/pfp/?ALERT=zrmodule&ADID=ZACKS_PFP_ZRMODULE&skip_rpt_name_check=skip_rpt_name_check&t=AAPL” target=”_blank” alt=”Analyst Report” title=”Analyst Report”>Analyst Report</a>). Luca’s exit from Xerox’s helm is likely to affect its normal functioning, especially in the current challenging macroeconomic environment. The company has already started its search for a new CFO. 
 
Despite tough competition and top-line challenges, Xerox witnessed remarkable success in its operations under his leadership. In addition, Luca played a key role in shaping Xerox’s strategic and operational plans. Over the years, he had successfully steered the company toward growth through tactical initiatives and expects the company to be a leader in outsourcing services in future, irrespective of the change in top leadership. 
 
Xerox is expected to release its fourth-quarter 2012 results on January 24, 2013. The company had earlier reiterated its fourth-quarter GAAP earnings guidance in the range of 24 to 26 cents a share. The Zacks Consensus Estimate for the fourth quarter earnings is currently pegged at 28 cents.
Author

January 15, 2013 at 8:22 AM

Viewing 1 post (of 1 total)

You must be logged in to reply to this topic.

The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty, or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action based on the content on our site.