Xerox CFO Leaving to Join Apple

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Published January 11, 2013

| FOXBusiness

Xerox (XRX) announced Friday that its chief financial officer, Luca Maestri, will leave the company at the end of February to become corporate controller at Apple (AAPL).

The Norwalk-based provider of business support services said it has initiated an external search for a new CFO, with Maestri staying on board through the end of next month to help in the transition period.

"Luca is a stellar finance executive whose contributions have brought great value to the transformation of Xerox into a services enterprise,” said Xerox CEO Ursula Burns.

Burns reaffirmed the company’s fourth-quarter guidance, with non-GAAP earnings in the range of 28 cents to 30 cents a share, bracketing average analyst estimates of 29 cents in a Thomson Reuters poll.

Xerox, which will report fourth-quarter and full-year 2012 earnings on Jan. 24, saw its shares tick up about 1.5% premarket to $7.40.

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http://www.foxbusiness.com/business-leaders/2013/01/11/xerox-says-cfo-leaving-to-join-apple/