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Xerox CEO dies unexpectedly at 59
Xerox CEO dies unexpectedly at 59
John Visentin, Xerox Holdings Corp.’s vice chairman and CEO, unexpectedly passed away Wednesday due to complications from an ongoing illness. He was 59.
Steve Bandrowczak, Xerox’s president and chief operations officer since 2018, will serve as interim CEO.
“We are all greatly saddened by this tragic news and are keeping his family at the forefront of our thoughts in this difficult time,” Bandrowczak said in a statement. “John’s vision was clear, and the Xerox team will continue fulfilling it – not only to deliver on our commitments to our shareholders, customers and partners – but also to pursue John’s legacy.”
Visentin joined Xerox in May 2018. In a release, the company called Visentin a visionary leader, noting “his strategy ensured Xerox’s leadership position in office and production print technology and expanded the company into helping solve secular challenges with innovative solutions.”
James Nelson, chairman of Xerox’s Board of Directors, said Visentin drove Xerox forward.
“As a champion for innovation, he embraced and enhanced Xerox’s legacy as a print and services provider and embarked on a transformative journey that broadened the company’s expertise and offerings to digital and IT services, financial services and disruptive technologies,” Nelson said, in a statement. “John’s drive, energy and commitment to the business and its customers, partners and employees will be greatly missed.”
Shares of Xerox (Nasdaq:XRX) were trading midday at $14.78, down less than two percent from Wednesday’s close at $15.07.
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