Press Release
From the Xerox Newsroom

Xerox Among Top Companies For Female Executives

STAMFORD, Conn., 07 March 2007 -- Xerox has been named to the 2007 list of "Top Companies for Executive Women," an annual list released by the National Association for Female Executives (NAFE), a women's professional and business association. Xerox was named to the list in 1998 and 1999 and again every year since 2004.

NAFE evaluated several criteria, such as compensation, number of women employed, particularly at higher management levels, advancement opportunities and work/life benefits. To make the list, companies must have at least two women on the board.

"In its sixth year on the NAFE 'Top 30 Companies for Executive Women' list, Xerox continues to demonstrate a commitment to the retention and advancement of women. In the manufacturing sector, it's exceptional to find a company like Xerox with a strong ratio of women managers to total women employees. NAFE finds that in companies like Xerox that have a woman CEO, the number of women in senior management grows, as does the dedication to creating a family-friendly environment, making the company an employer of choice for women," said Betty Spence, Ph.D., President, NAFE.

At Xerox - the world's leading document management and technologies services enterprise - women made up 31.5 percent of the total 2006 U.S. work force of 28,400. About 42.5 percent of Xerox senior executives are women or people of color or both. Three women serve on the Xerox board of directors, including Xerox's chairman and chief executive officer.

Xerox's commitment to women at all levels of employment is reflected in its many work/life benefits. The company offers various work arrangements to help employees balance their lives - such as flex time, job sharing and telecommuting - and benefits such as child-care subsidies, child-care counseling and referral, adoption assistance, first-time homebuyer's assistance, tuition reimbursement, domestic partner benefits, and other employee assistance programs. For more information visit www.xerox.com/careers.

In addition to the NAFE honor, this year Xerox was recognized as a "best place to work" by the Human Rights Campaign Foundation, and was named to CRO magazine's Best Corporate Citizens and Fortune magazine's America's Most Admired Companies lists.

NAFE's list was developed from research conducted by the organization's staff and questionnaires completed by each company. The National Association for Female Executives was founded in 1972 and is part of Working Mother Media, which also operates Working Mother magazine. More information is at www.nafe.com.

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