NewsWorldXerox CEO John Visentin dies at 59

Xerox CEO John Visentin dies at 59

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(Reuters) — Printer maker Xerox Holdings Corp said on Wednesday that CEO John Visentin, 59, died of complications from an ongoing illness. Xerox called Visentin’s death unexpected and said it has named Steve Bandrowczak, president and chief operating officer, as interim CEO. Visentin, who was also the vice president, joined Xerox as CEO in May 2018 after being nominated by Carl Icahn. The investor’s firm is the company’s largest shareholder, according to Refinitiv data. Previously, Visentin had been hired as a consultant by Icahn to help him in his campaign against Xerox, when he pressured the company to explore strategic alternatives. Visentin was also at the helm of the company when it failed in its $35 billion hostile takeover bid for HP Inc, a merger Icahn had pushed through in 2020. That same year, Xerox, which has faced slowing demand As companies cut back on printing their paperwork, he set out a three-year cost-cutting plan under Visentin.

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