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This leadership transition is consistent with the Board's plans developed last year when I returned as CEO and Anne was named president and COO. The plan called for a gradual transition of leadership with Anne becoming CEO when the Board was confident of the effective execution of Xerox's turnaround. Clearly, this requirement has been met.
The future of the graphic communications industry is digital, and Xerox will continue to be the digital printing partner of choice. As new and traditional processes converge, we're building bridges between offset and digital printing, helping customers gain a competitive advantage with the right technology, the right workflow and the right business model.
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