Xerox today announced the appointment of Ashok Vemuri as the CEO of Xerox Business Services, the Business Process Outsourcing (BPO) company.
Ashok Vemuri served as president and chief executive officer of IGATE Corporation from September 2013 to October 2015 – transforming the company’s operations, go-to-market strategy and balance sheet and executed a strategic sale of the company to Capgemini.
Prior to joining IGATE, Ashok Vemuri served Infosys for fourteen years. He was a senior executive at Infosys where he served as the head of Americas and the global leader of Manufacturing and Engineering Services.
“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 capabilities and executing a more focused value-creation strategy for the benefit of clients, employees and shareholders,” Vemuri said.
On January 29, 2016, Xerox announced its plans to separate into two independent, publicly-traded companies – a Document Technology company comprised of its Document Technology and Document Outsourcing businesses and a BPO company.
The BPO company has approximately $7 billion in 2015 revenue – more than 90 percent of which is annuity based – and is focused on growth markets including transportation, healthcare, commercial and government services.
The Document Technology company, which delivered $11 billion in 2015 revenue, will be a global leader in document management and document outsourcing with superior technology, solutions and innovations.