Paul Allaire
Paul Allaire
Paul Arthur Allaireis a businessman who served as CEO and Chairman of Xerox Corporation, and as a director on several other public companies...
anne becoming board ceo confident consistent developed effective execution gradual last leadership named plans president returned transition year
This leadership transition is consistent with the Board's plans developed last year when I returned as CEO and Anne was named president and COO. The plan called for a gradual transition of leadership with Anne becoming CEO when the Board was confident of the effective execution of Xerox's turnaround. Clearly, this requirement has been met.
asset billion enhances generate greatly pledge progress turnaround xerox
With this transaction, Xerox greatly enhances its liquidity and has made significant progress on its turnaround pledge to generate more than $2 billion in asset sales,
although assets aware change clear company cost degree fixing focus investment order profile remain shed structure
We were aware that we really had to change the cost structure of the company and change the investment profile and the focus to some degree and shed some assets in order to remain competitive, ... It is clear that just fixing our operational issues, although critical, is not sufficient.
rewards things-change recognition
If you talk about change but don't change the reward and recognition system, nothing changes.
timing turnaround
We're confident about a turnaround, but the timing is clearly later.