Stephen Hoover is CEO of PARC, a Xerox company, which is in “the business of breakthroughs.” He joined PARC in 2011. Practicing open innovation since being incorporated in 2002, PARC today provides custom R&D services, technology, expertise, best practices, and IP to Fortune 500 and Global 1000 companies, startups, and government. Stephen oversees PARC’s work in diverse areas including networking, novel electronics, cleantech, innovation services, contextual intelligence, and much more. With a track record that combines business leadership, research, and engineering⎯from fundamental R&D to commercial scale-up⎯Stephen specializes in bridging functional silos and establishing strong cultures of innovation. Previously, he was vice president of a Xerox organization that supported multi-million dollar investments in core and next-generation R&D. He earned his Ph.D. and M.S. in Mechanical Engineering from Carnegie Mellon University, B.S. from Cornell University, and 1 of 10 national fellowships at AT&T Bell Labs. He has 7 patents.