Xerox names managing director of Icahn Capital to board

Xerox has named Jonathan Christodoro, managing director of Icahn Enterprises unit Icahn Capital, has been appointed to the company's board of directors.

Christodoro will also join board's corporate governance and finance committees. Xerox's board is now comprised of nine directors.

Icahn Enterprises is Xerox's largest shareholder. Carl Icahn reported 9.78 percent stake in Xerox as of June 27, up slightly from the 9.18 percent stake he held as of January 28, according to a Securities and Exchange Commission filing.

CNBC contributed to this report.