Xerox Appoints Ashok Vemuri As CEO Post-Separation BPO Firm

Xerox Corp. XRX revealed Tuesday that Ashok Vemuri would become the CEO of the Business Process Outsourcing (BPO) firm after the completion of the separation of Xerox into two publicly-traded companies. According to the company, Vemuri would join it effective July 1, 2016 and serve as CEO of Xerox Business Services, LLC and an EVP of Xerox Corporation until the separation is complete.

Xerox chairman and CEO, Ursula Burns, commented, "Ashok's deep industry experience and proven track record of leading growth and corporate transformations will be instrumental for the BPO company's future success. He's an excellent leader with the right combination of operational, financial and client experience to successfully drive our BPO company's go-forward strategy. I look forward to working with Ashok to successfully launch the new BPO company and build on its position as an industry leader."

Earlier, Vemuri served as president and CEO of IGATE Corporation from September 2013 to October 2015. He was credited for transforming the company's operations, go-to-market strategy and balance sheet and ultimately executed a highly-successful, strategic sale of the company to Capgemini. Before joining IGATE, Vemuri was a senior executive at Infosys where he served as a Board member, head of Americas and the global leader of Manufacturing and Engineering Services.

Vermuri reacted, "I'm excited to join Xerox at this stage of its new path forward. Xerox's BPO business is already in several attractive markets and has an impressive client list that includes top global brands and vital government agencies. The standalone BPO company will have many new opportunities, leveraging its differentiated capabilities and executing a more focused value-creation strategy for the benefit of clients, employees and shareholders."