Larry Zimmerman

Last updated
Lawrence A Zimmerman
Lawrence A. Zimmerman.jpg
Born
Bronx, NY, U.S.
Citizenship United States
Alma mater New York University
Occupation Business executive
Years active1970s-present
Employer Xerox Corporation (2002-2011) IBM (1967-1991) Caesars Entertainment Corporation (2016-2018) Aptiv (2009-2021) Brunswick (1996-1998) Flextronics International Ltd (2009-2021)

Lawrence A. Zimmerman, also known as Larry Zimmerman, is an American businessman who served as the chief financial officer and executive vice president of Xerox Corporation from June 1, 2002, to April 2011.

Career

Prior to joining Xerox in 2002, Zimmerman served at System Software Associates, Inc., where he served as an executive vice president and chief financial officer from 1998 to 1999. He worked with International Business Machines Corporation (IBM), where he served in various senior finance executive positions, as vice president of finance for Europe, Middle East & Africa operations from 1994 to 1996 and a corporate controller from 1991 to 1994. He held various other positions at IBM from 1967 to 1991. Zimmerman served as an assistant general manager in finance and planning for the Enterprise System division from 1989 to 1991 and director of budgets from 1988 to 1989.

A 31-year employee of IBM, [1] he served as vice president of finance and planning for Brunswick Corporation's multibillion-dollar Server and Technology division from 1996 to 1998. He served as a vice chairman of Xerox Corporation from July 2009 to April 2011. He has been an independent director at Flex Ltd. since October 2012, Global Imaging Systems Inc. since May 9, 2007, and Delphi Automotive PLC since November 2009. He served as an independent director of Brunswick Corporation from February 7, 2006, to May 6, 2015. He served as a director of Computer Sciences Corporation from August 7, 2012, to August 13, 2014. He served as a director at Stanley Black & Decker, Inc. (formerly Stanley Works) from July 26, 2005, to December 31, 2011. Zimmerman graduated from New York University in 1965 with a Bachelor of Science degree in finance and master's degree in business administration from Adelphi University in 1967.

[2] He says coming out of retirement to take over as senior vice president and CFO of Xerox Corporation in 2002 is one of the best decisions he's ever made. That's saying a lot for a financial executive with a 31-year tenure at IBM ,. Known for his financial restructuring skills, Zimmerman helped CEO restore Xerox's reputation and guide it back to profitability after the company suffered through a messy Securities and Exchange investigation and subsequent $10 million fine.

Related Research Articles

Corporate titles or business titles are given to company and organization officials to show what duties and responsibilities they have in the organization. Such titles are used by publicly and privately held for-profit corporations. In addition, many non-profit organizations, educational institutions, partnerships, and sole proprietorships also confer corporate titles.

Xerox American document management corporation

Xerox Holdings Corporation is an American corporation that sells print and digital document products and services in more than 160 countries. Xerox is headquartered in Norwalk, Connecticut, though it is incorporated in New York with its largest population of employees based around Rochester, New York, the area in which the company was founded. The company purchased Affiliated Computer Services for $6.4 billion in early 2010. As a large developed company, it is consistently placed in the list of Fortune 500 companies.

Farid Suleman has been a director of Fairway Group Holdings since 2012. Before that, he was the chairman and CEO of Citadel Broadcasting from March 2002 until the company's acquisition by Cumulus Media in 2011. He previously spent 16 years working for Infinity Broadcasting Corporation and 12 years at Westwood One.

Ursula Burns American businessperson

Ursula M. Burns, is an American businesswoman. She was the chair and CEO of VEON from late 2018 to early 2020, a senior advisor to Teneo,. She is a member of the board of directors of Uber.

Charles Noski American business executive

Charles H. Noski has been the Chairman of the Board of Directors at Wells Fargo since March 2020. He has previously held a variety of positions, including the position of CFO at Northrop Grumman, AT&T, and Bank of America, as well as the positions of director and chairman of the audit committee of Microsoft.

Mark Loughridge is an American businessman who was IBM's Senior Vice President and Chief Financial Officer, Finance and Enterprise Transformation. He stands as IBM's longest-tenured CFO after nearly 10 years in the role.

Paul N. Saleh, is an American business executive who is currently president and chief executive officer for Gainwell Technologies. Mr. Saleh is currently a board member of Anterix. Mr Saleh also served as board member of Citadel Broadcasting Corporation, American Football Coaches Foundation and Perspecta Inc. In May 2012 Mr. Saleh was named CSC's Chief Financial Officer. In November 2010 Mr. Saleh was named Gannett's Chief Financial Officer. Mr. Saleh served as the chief financial officer (CFO) and executive vice president for Nextel Communications. He later served as interim chief executive officer (CEO) of Sprint Nextel Corporation in late 2007 and as the company's CFO from 2001 to 2008.

John M. Thompson is the non-executive chairman of the board of Toronto-Dominion Bank Financial Corporation (TDBFC). He has held the position of Director at TDBFC since 1988 and has been chairman of the board since 2003.

Paul Arthur Allaire was an american entrepreneur who served as CEO and chairman of Xerox Corporation, and as a director on several other public companies.

David Alan Viniar was the CFO and executive vice president at Goldman Sachs from 1999 until January 31, 2013. He is currently on the board of directors of Goldman Sachs.

Catriona Fallon is a public company strategic finance executive who currently runs the Itron Networked Solutions Business, following Itron Inc.’s (ITRI) acquisition of Silver Spring Networks (SSNI) in January 2018. Prior to the acquisition, Catriona held the position of Chief Financial Officer at SSNI, bringing more than 20 years of finance, investor relations, and corporate strategy and development experience to her role. Previously, Catriona served as Executive Vice President and Chief Financial Officer at Marin Software Inc. (MRIN), a SaaS marketing solutions company. Catriona has also held leadership positions across a variety of technology companies, including Cognizant Technology Solutions and Hewlett-Packard Company. Catriona has also served as an equity analyst covering software, media and technology companies at Citigroup Investment Research and has held roles with Piper Jaffray & Company, McKinsey & Company, and Oracle Corporation.

Gordon Richard Thoman is an American businessman who was President and CEO of Xerox Corporation, and CFO and Senior Vice President of IBM.

Ruth Porat American businessperson

Ruth Porat is a British-American business executive, serving since 2015 as the chief financial officer (CFO) of Alphabet Inc. and its subsidiary Google. Porat was CFO and executive vice president of Morgan Stanley, from January 2010 to May 2015

Darren Jackson became the chief executive officer of Advance Auto Parts on January 7, 2008.

Luca Maestri is an Italian businessman. He is the senior vice president and chief financial officer at Apple Inc.

Robert (Bob) Holmes Swan is an American business executive. He was CEO of Intel Corporation from January 2019 until February 15, 2021. He joined Intel as CFO in October 2016 from General Atlantic, after spending years as CFO at eBay, Electronic Data Systems, and TRW Inc. Following the resignation of Brian Krzanich as Intel CEO, he was named interim CEO on June 21, 2018, and appointed to full-time CEO on January 31, 2019. As of February 15, 2021 Swan was replaced by VMware CEO Pat Gelsinger. In July 2021, Silicon Valley venture capital firm Andreessen Horowitz announced that Swan will be joining the firm.

Zach Kirkhorn is a financial executive working in the automotive manufacturing industry. Since 2019, he has served as the Chief Financial Officer of Tesla, Inc. In March 2021 he was given the title 'Master of Coin' within Tesla, a reference to the Game of Thrones title for a chief financial officer.

Danny Garrett is a businessman and an American politician who has served District 44 in the Alabama House of Representatives since 2014. A member of the Republican Party, Garrett currently serves as the House Majority Whip. He represents the 44th House District in Jefferson County, which includes the cities of Trussville, Clay and portions of Pinson.

References

  1. Deutsch, Claudia H. (May 29, 2002). "TECHNOLOGY; Ex-I.B.M. Executive to Fill Top Finance Job at Xerox". The New York Times .
  2. Lidor, Danit. "Q&A: Xerox CFO Zimmerman". Forbes. Retrieved 2019-03-20.