William C. Lowe, has been named president...

William C. Lowe, has been named president and chief operating officer of the corporate jet maker Gulfstream Aerospace Corp.

Lowe, 50, was executive vice president for development and manufacturing at Xerox, which he joined in 1988. Before that he spent 26 years at International Business Machines Corp.

Allen E. Paulson, the company’s founder and chairman, along with New York-based investment firm Forstmann, Little & Co., bought Atlanta-based Gulfstream from Chrysler Corp. last year.

Lowe succeeds Albert Glenn, who has served as interim president since the acquisition from Chrysler. Glenn will remain with Gulfstream as vice chairman.