Larry Zimmerman
Lawrence A. Zimmerman | |
|---|---|
| Other names | Larry Zimmerman |
| Occupation | Business executive |
| Years active | 1965–2015 (approximate, based on career timeline) |
| Known for | Chief Financial Officer and Executive Vice President of Xerox Corporation (2002–2011) |
Lawrence A. Zimmerman, commonly referred to as Larry Zimmerman, is a prominent American executive who held the positions of chief financial officer and executive vice president at Xerox Corporation from June 2002 until April 2011.
Career
Prior to his tenure at Xerox, Zimmerman was the executive vice president and CFO at System Software Associates, Inc. between 1998 and 1999. He devoted 31 years to IBM, where he occupied several high-level finance roles such as corporate controller from 1991 to 1994 and vice president of finance for the Europe, Middle East, and Africa region from 1994 to 1996. Additional significant roles at IBM included director of budgets (1988–1989) and assistant general manager overseeing finance and planning for the Enterprise System division (1989–1991).
Between 1996 and 1998, Zimmerman served as vice president of finance and planning for the multibillion-dollar Server and Technology division at Brunswick Corporation. During his time at Xerox, he also held the position of vice chairman from July 2009 through April 2011. His extensive board experience features independent directorships at Flex Ltd. starting in 2012, Global Imaging Systems Inc. since 2007, Delphi Automotive PLC beginning in 2009, Brunswick Corporation from 2006 to 2015, Computer Sciences Corporation between 2012 and 2014, and Stanley Black & Decker, Inc. from 2005 to 2011.
Zimmerman earned a Bachelor of Science degree in finance from New York University in 1965, followed by an MBA from Adelphi University in 1967. Renowned for his expertise in financial restructuring, he was instrumental in revitalizing Xerox's profitability and reputation after a Securities and Exchange investigation resulted in a $10 million penalty. He considers his decision to come out of retirement to join Xerox's executive leadership in 2002 as one of the most pivotal choices in his professional life.