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WATCH: Xerox split explained

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Last week, Xerox announced it will split into two publicly traded companies, one for Document Technology, the other for Business Process Outsourcing.

It expects to accomplish that by the end of the year.

Chairman and CEO Ursula Burns says the company is taking affirmative steps to drive shareholder value, and she says that she is confident "the extensive structural review we conducted over the last few months has produced the right path forward for our company."

In this short video, WXXI's Veronica Volk offers a deeper look into the split:

https://www.youtube.com/watch?v=c50RwTnw5XI

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Randy Gorbman is WXXI's firector of news and public affairs. Randy manages the day-to-day operations of WXXI News on radio, television, and online.
Veronica Volk is a Reporter/Producer for WXXI News. She comes from WFUV Public Radio, where she began her broadcasting career as a reporter covering the Bronx, and the greater New York City area. She later became the Senior Producer of WFUV’s weekly public affairs show, Cityscape. Originally from Ocean County, New Jersey, Veronica got her B.A. in Communication and Media Studies at Fordham University, concentrating on Media, Culture, and Society.