Xerox CEO John Visentin has died unexpectedly after a long illness
- The CEO of
Xeroxdied unexpectedly on Tuesday, per a company press release.
- John Visentin had been in the position since 2018.
Xerox announced Wednesday that its CEO, John Visentin, died Tuesday because of complications related to a long-term illness.
"The Xerox family is profoundly saddened by this untimely event and extends its heartfelt condolences to John's wife, his five daughters and his family," the company press release said.
Visentin became CEO of Xerox, where he also was vice chairman, in 2018. He will be replaced by an interim CEO, Steve Bandrowczak, whose previous title was president and chief operations officer.
"John drove Xerox forward," James Nelson, chairman of Xerox's board, said in the release, adding he worked to expand Xerox beyond the printing arena.
His, "drive, energy and commitment to the business and its customers, partners and employees will be greatly missed," Nelson added.
Xerox, which was founded in 1906, struggled when the pandemic hit as business operations moved further online and people bought fewer of its products, one analyst said, according to WXXI News. It also faced supply chain disruptions and challenges, like many companies.
- Fintech unicorn CRED to acquire SaaS startup CreditVidya
- Jio Haptik and CASHe partner to deliver instant credit lines on Whatsapp
- Dharmaj Crop Guard IPO subscribed 5.97 times on day 2
- Recent IPO successes could lead to recovery in the primary market: E&Y
- Capex cycle to touch ₹21 lakh crore in FY23, but there's a catch