Xerox (NYSE:XRX) today announced the appointment of Elias Mendoza as head of Corporate Business Development and Mergers & Acquisitions, effective June 29, 2015. Mendoza will succeed John Rexford who is retiring later this year.

Mendoza will lead Xerox’s overall business development strategy as well as drive initiatives that deliver on profitable growth. He will also oversee the team of internal and external resources focused on the end-to-end management of mergers and acquisitions and all related activities.

“Elias has a deep background in identifying, executing and integrating acquisitions including joint ventures and the disposition of existing businesses,” said Kathryn Mikells, chief financial officer of Xerox. “We are excited to have his strong abilities on the team at a time when business development is a core strategic focus for our company.”

Mikells added, “We thank John for his 19 years as the Global Head of Mergers and Acquisitions for Affiliated Computer Services and then Xerox. He was instrumental in bringing the two companies together and has led a variety of successful acquisitions and divestitures across the enterprise. We want to wish him well.”

With over 20 years of experience in global strategy, business development, and M&A execution in and around the technology and services sectors, Mendoza joins Xerox from Siris Capital Group, LLC where he was Managing Director of Investment Development and Strategy. At Siris, he helped establish and led the practices to identify investment areas and secure opportunities, as well as to develop underlying business strategies for targeted and current portfolio companies. Mendoza was also the Head of IBM's Global Corporate Development Group, after having joined to lead the company's M&A and Business Development efforts in the Growth Markets and Japan. He has also held leadership positions at Union Square Advisors, Morgan Stanley and Toronto Dominion Securities, with significant international experience and a focus on global markets.

Mendoza received a Landegger Program Certificate in International Business Diplomacy and an MBA from Georgetown University. He also received an AB in Economics from Princeton University.

About Xerox

Xerox is a global business services, technology and document management company helping organizations transform the way they manage their business processes and information. Headquartered in Norwalk, Conn., we have more than 140,000 Xerox employees and do business in more than 180 countries. Together, we provide business process services, printing equipment, hardware and software technology for managing information -- from data to documents. Learn more at www.xerox.com.

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Media:XeroxKaren Arena, +1-203-849-5521karen.arena@xerox.comorBill McKee, +1-585-423-4476bill.mckee@xerox.com

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