In January, when Xerox had announced the split, it already agreed to give Mr. Icahn three seats on the... Xerox Corp. has agreed to appoint a top lieutenant of Carl Icahn to its board as the company prepares to split into twoThe new agreement with the activist, the company’s largest shareholder with a 9.8% stake, will leave him with a say on the boards of both companies being created, according to a person familiar with the matter.

Source: Wall Street Journal June 27, 2016 20:45 UTC