Xerox Corp. (XRX), the printer and copier pioneer, hired Kathryn Mikells as its chief financial officer, choosing an executive with experience across diverse industries as it broadens its services.
Mikells, 47, joins Xerox on May 2 from home-security provider ADT Corp., where she was also CFO, according to a statement yesterday. She has worked in the same post at Nalco Holding Co., a water-treatment and energy-technology company, and at former United Airlines parent UAL Corp.
Xerox Chief Executive Officer Ursula Burns is shifting away from the traditional printing business toward services, which make up about half of revenue today and will be two-thirds by 2017, the company has forecast. Printing is declining as customers access more of their documents on computers and mobile devices.
“Kathy brings to Xerox extensive experience in financial management coupled with broad global business acumen in both services and technology,” Burns said in the statement.
Mikells replaces Luca Maestri, who was hired in January by Apple Inc. as its corporate controller. She’ll get a salary of $700,000, Norwalk, Connecticut-based Xerox said in a separate filing. Maestri’s salary was $650,000 in 2011, the most recent year for which the data are available.
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