Xerox (NYSE: XRX) announced today the appointment of Rohit Philip as corporate treasurer. Philip will join the company effective June 22, reporting directly to Kathy Mikells, chief financial officer. He succeeds Rhonda Seegal, who will leave Xerox at the end of the year to pursue other interests.
Philip comes to Xerox from Anand Automotive Limited, a leading auto component supplier in India, where he served as president and group chief financial officer during the last two years. Prior to Anand, Philip spent 17 years at United Continental Holdings, Inc. (UAL) in a variety of roles responsible for corporate strategy, mergers and acquisitions, treasury and enterprise risk management.
"We thank Rhonda who served as Xerox treasurer for 12 years, working to improve our liquidity and ensure continued access to capital." said Mikells. "We welcome Rohit to the Xerox leadership team. As we expand our services business around the world, his significant treasury, business development and strategy background as well as his experience managing bank and board of director relationships will serve us well."
Philip will oversee the capital structure of the corporation, including developing worldwide funding strategies and serving as the primary interface to the capital markets and credit rating agencies. He also will be responsible for the company's insurance programs, foreign exchange and pension investment and funding.
A 1992 mathematics graduate of the University of Mumbai, (formerly University of Bombay), he completed his MBA at Cornell University in 1995. He will work from Xerox headquarters in Norwalk, Conn.
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