Business News
Xerox Board Elects Vice Presidents of Corporation
Friday 15. October 2010 - Xerox Corporation's (NYSE: XRX) board of directors yesterday elected Mark Costello, Mike Festa and Joe Mancini as vice presidents of the corporation.
Costello, 53, is general patent counsel and chief strategy counsel. Costello is responsible for the management and protection of Xeroxs extensive patent and trademark portfolio. He also leads the corporations legal strategy in a number of different areas, including Xeroxs joint venture with Fuji Xerox.
Costello joined Xerox in 1985, and worked for several years with the Xerox research and development teams before being appointed general patent counsel in 2001.
Festa, 50, is director of Xerox Mergers & Acquisitions. Festa oversees Xeroxs acquisition investments, valuation analysis and negotiations and the companys intellectual property operations.
Festa has been with Xerox for 19 years and has held a variety of corporate, business group and operating finance assignments. His background and experience span Xeroxs domestic and international operations; most recently as the head of finance for Xerox Europe.
Mancini, 52, is vice president of Xerox North America Finance, overseeing finance operations across the United States and Canada. He was appointed to this position in March.
Since joining Xerox in 1989, Mancini has held a number of finance positions including vice president of finance for the Xerox Office Group, and director of Corporate Financial Analysis. He was also the managing director for the company mergers and acquisitions operations and helped lead the acquisition of Affiliated Computer Services (ACS), which was the largest acquisition in Xeroxs history.