Xerox CFO Stepping Down in February

By Rich Smith – Jan 11, 2013 at 3:07PM

NYSE: XRX

Xerox Corporation

No replacement yet named.

On Friday, Xerox (XRX) announced that Executive Vice President and Chief Financial Officer Luca Maestri is leaving the company to take a corporate controller job at Apple (AAPL 0.52%).

He will resign from Xerox effective Feb. 28, and will assist in the search for his replacement. The company has launched an external search for a new CFO. Maestri joined Xerox as CFO in February 2011.

Coincident with the report of its CFO's departure, Xerox reiterated that the company is maintaining fourth-quarter earnings guidance of $0.24 to $0.26 per share in GAAP earnings. The official release date for Q4 and full-year 2012 earnings is Jan. 24.

Rich Smith owns shares of Apple. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.