Xerox appoints Chuck Butler as new CFO, effective December 3

NORWALK, Conn. - Xerox Holdings Corporation (NASDAQ:XRX) announced Wednesday that Chuck Butler will become its new Chief Financial Officer, effective December 3, 2025. Butler will replace current CFO Mirlanda Gecaj, who will depart on December 2 to pursue other opportunities. The leadership change comes as Xerox shares have fallen 67.8% over the past year, currently trading near their 52-week low of $2.44.

Butler will maintain his leadership of Xerox’s Global Business Services organization while assuming the CFO role. He previously served as Senior Vice President and Chief Financial Officer at Lexmark before Xerox acquired the company in July 2025.

"Chuck is a trusted leader with deep expertise and a strong record of driving operational excellence," said Steve Bandrowczak, chief executive officer of Xerox, in a press release statement.

The appointment comes as part of Xerox’s ongoing effort to align its leadership structure with strategic priorities and strengthen operational integration. Butler will report directly to CEO Bandrowczak.

Regarding the outgoing CFO, Bandrowczak noted, "Mirlanda has played a meaningful role in guiding the company through an important period of transformation."

The leadership change follows Xerox’s acquisition of Lexmark earlier this year, a move that expanded the company’s global footprint and service capabilities. Xerox describes itself as a services-led, software-enabled company that powers hybrid workplaces through print, digital, and AI-driven technologies.

The company continues to execute its "Reinvention" strategy, which focuses on strengthening its leadership team, driving operational performance, and delivering value for clients, employees, and shareholders.

In other recent news, Xerox Holdings Corporation reported its third-quarter earnings for 2025, revealing a significant miss in earnings per share (EPS). The company posted an EPS of $0.20, which fell short of the forecasted -$0.18, resulting in a surprise of -211.11%. Additionally, Xerox experienced a revenue shortfall, reporting $1.96 billion in revenue, below the anticipated $2.04 billion. In another development, Xerox declared a quarterly dividend of $0.025 per share on its common stock, payable on January 30, 2026, to shareholders of record on December 31, 2025. The company also announced a quarterly dividend of $20.00 per share on its outstanding Series A Convertible Perpetual Preferred Stock, payable on January 2, 2026. Furthermore, Xerox introduced the Xerox TriShield 360 Cyber Solution, a cybersecurity offering for small- and medium-sized businesses. This new solution is built on Palo Alto Networks Cortex XDR technology and includes cyber insurance coverage provided by The Hartford and brokered by Aon.

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