Xerox Corp (NYSE:XRX): Change Is The Law Of Nature

by Paul Wilson | Tuesday, Mar 25, 2014 | 1237 views

Boston, MA, 03/25/2014  (usastockreports) – When the company fails to perform consistently then somewhere there is a deep problem in the structure or in the management. In the effort to boost the company‘s performance, Xerox Corp (NYSE:XRX), has started to make necessary changes in its management. Xerox has appointed Robert Zapfel as the new President of Xerox Services Division. Prior to Robert Zapfel, the service business was looked after by Lynn Blodgett. Now Blodgett will work as executive vice president with the company till the year end. They will take on the new profiles from April 1.

The profile

Zapfel is an excellent professional, and, with his extensive experience in IBM Corp. has delivered excellent results in service business. He has the required knowledge and skill sets to drive the company. He is in a better position to handle the service businesses and improve the competitiveness and margins considered to be as hey drivers of service businesses.

The moment of change

This management change is coming soon after few weeks when the company named Rick Dastin as the new Chief Development Engineer for Xerox services. Before it, Rick Dastin was working on the profile of president of Xerox’s office and solutions business group. Both the changes have been made to push forward the company on the path of growth. Xerox Corp (NYSE:XRX) was looking for a 5% growth in the year 2013 but only managed to deliver 3% growth in its services business.

The reasons for change

Xerox Corp (NYSE:XRX) is looking to enhance its profit in service businesses. The change in management is a part of its five-prong new strategy. This strategy was planned in November. The changes have been implemented in line with the future direction of the company. One of the objective is to reduce the overhead expenses and cutting of additional costs. The company intends to make changes on the international level. It is a step taken at the right time in the right direction to project a better growth model for Xerox Corp (NYSE:XRX).

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