Jeff Jacobson, president of Xerox’s (NYSE: XRX) technology business, will transition into the role of CEO after the company announced plans in January to divide into two publicly traded firms.
Jacobson will lead the document management and outsourcing company that generated approximately $11 billion in 2015 revenue and will retain the Xerox brand, the company said Thursday.
The other company focused on business process services with $7 billion in 2015 revenue will adopt the name Conduent once the split concludes by the end of 2016.
Jacobson started his career at Xerox as president of the firm’s global graphic communications operations.
He was appointed chief operating officer of Xerox’s technology business in 2014.
Prior to joining Xerox in 2012, Jacobson worked at digital printing systems supplier Presstek as president and CEO.
He also served as chief operating officer at Eastman Kodak’s graphic communications group and CEO of Eastman Kodak-Sun Chemical joint venture Kodak Polychrome Graphics for five years.
