The only immorality is not to do what one has to do when one has to do it.
~ Jean Anouilh (June 23, 1910 - October 03, 1987)
This leadership transition is consistent with the Board's plans developed last year when I returned as CEO and Anne was named president and COO. The plan called for a gradual transition of leadership with Anne becoming CEO when the Board was confident of the effective execution of Xerox's turnaround. Clearly, this requirement has been met.