Xerox has named Steve Hoover as the new chief technology officer (CTO), effective January 01, 2017. Hoover previously served as chief executive officer of Palo Alto Research Centre (PARC), a Xerox company. Hoover will be responsible for research and product development, reporting to Jeff Jacobson, CEO of Xerox following the company's separation. In the new role, Hoover will oversee the Xerox global research centres including the PARC, Xerox Research Centre Canada and Xerox Research Centre Europe, as well as Xerox's globally distributed product development and engineering capabilities.