Ursula Burns After announcing a company split earlier this year, Xerox had more big news in May with the news that CEO Ursula Burns would be stepping down. She will not be assuming the CEO role at either company, but will remain as chairman of the board of the $11 billion document technology business. The following month, Xerox named Jeff Jacobson -- who has led Xerox's Technology Division since 2012 -- as the future CEO of the product side of the business. Xerox also said Ashok Vemuri – who served as president and CEO of iGate from September 2013 to October 2015 – had been tapped to lead the company's $7 billion services business, which will be called Conduent.