Xerox Board of Directors Appoints Fred Beljaars as Executive Vice President and Chief Delivery and Supply Chain Officer

Rhea-AI Summary

Xerox Holdings Corporation (NASDAQ: XRX) has appointed Fred Beljaars as the new Executive Vice President and Chief Delivery and Supply Chain Officer, succeeding Mary McHugh. Beljaars, who has been with Xerox since 2018, will lead global delivery, manufacturing, and supply chain operations, focusing on enhancing client-centric operations amid ongoing inflationary pressures. CEO Steve Bandrowczak emphasized that Beljaars' experience will be crucial for advancing customer satisfaction and operational efficiency.

Positive

• Appointment of Fred Beljaars expected to enhance operational efficiency and customer satisfaction.
• Beljaars has a proven track record at Xerox since 2018, bringing valuable experience.

Negative

• Departure of Mary McHugh may lead to continuity concerns within the leadership team.

NORWALK, Conn.--(BUSINESS WIRE)-- Xerox Holdings Corporation (NASDAQ: XRX) announced today it has appointed Fred Beljaars as Executive Vice President and Chief Delivery and Supply Chain Officer. Beljaars assumes the position following the departure of Mary McHugh earlier this month. In this newly expanded role, Beljaars is responsible for leading all delivery, manufacturing, supply chain, and procurement operations globally and will focus on continuing to transform these missions to become more client-centric and strategic drivers for Xerox’s success.

“Given ongoing inflationary pressures encumbering nearly every industry, we are focused on evolving our operations to directly improve customer outcomes,” said Steve Bandrowczak, chief executive officer at Xerox. “Fred’s experience and expertise will help us advance our delivery models to drive greater customer satisfaction and overall experience.”

Beljaars first joined Xerox in 2018 as Chief Supply Chain Officer and led the global supply chain, procurement, and real estate functions. In 2020, he was named Chief Shared Services, Order to Cash, Procurement, and Real Estate Officer and was instrumental in transitioning relationships that improved processes in many parts of the business.

“I am honored to return to Xerox and step into this new role. Working alongside our talented team, I am confident we can advance the efficiency of our operations and increase customer satisfaction by further aligning our processes with their specific needs,” said Beljaars.

About Xerox Holdings Corporation (NASDAQ: XRX)

For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and production print technology, we've expanded into software and services to sustainably power today's workforce. From the office to industrial environments, our differentiated business solutions and financial services are designed to make every day work better for clients — no matter where that work is being done. Today, Xerox scientists and engineers are continuing our legacy of innovation with disruptive technologies in digital transformation, augmented reality, robotic process automation, additive manufacturing, Industrial Internet of Things and cleantech. Learn more at xerox.com.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20221010005475/en/

Media Contact:

Justin Capella, Xerox, +1-203-258-6535, Justin.Capella@xerox.com

Source: Xerox Holdings Corporation

FAQ

Who is the new Chief Delivery and Supply Chain Officer for Xerox (XRX)?

Fred Beljaars has been appointed as the new Chief Delivery and Supply Chain Officer for Xerox.

What was the reason for Mary McHugh's departure from Xerox (XRX)?

The press release does not specify the reasons for Mary McHugh's departure.

What are the expected impacts of Fred Beljaars' appointment on Xerox (XRX)?

Fred Beljaars' leadership is expected to improve operational efficiency and enhance customer satisfaction.

When did Fred Beljaars join Xerox (XRX)?

Fred Beljaars joined Xerox in 2018.

What is Xerox's focus under the new supply chain leadership?

Xerox is focused on evolving operations to improve customer outcomes amid inflationary pressures.