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NORWALK, Conn. - Xerox Holdings Corporation (NASDAQ:XRX), currently trading at $4.17 and down nearly 50% year-to-date according to InvestingPro data, announced Monday that President and Chief Operating Officer John Bruno will leave the company to pursue a CEO opportunity elsewhere.
Bruno, who has served as President and COO since 2022 and joined the Xerox Board in 2024, will remain in his operating role through August 31. He will continue as a board member and chair the newly formed Integration Committee overseeing the combination of Xerox and Lexmark. The leadership transition comes at a crucial time for the $524.71 million market cap company, which has maintained dividend payments for 19 consecutive years despite recent challenges.
Louie Pastor, currently Chief Administrative Officer and Global Head of Operations, will succeed Bruno as President and COO effective September 1. Pastor has been leading the Xerox Reinvention Office and Global Business Services organization, where he restructured global operations and drove improvements in IT, cybersecurity, analytics and operational efficiency.
"I want to thank John for being a true change agent—revamping our operating model and management system, shaping Reinvention, driving the Board reconstitution, and leading strategic acquisitions like ITsavvy and Lexmark," said Steve Bandrowczak, Chief Executive Officer at Xerox.
In addition, Jacques-Edouard Gueden has been appointed Chief Revenue Officer effective September 1. Gueden, a 30-year Xerox veteran who currently serves as Chief Channel and Partner Officer, will lead the company’s direct and indirect print go-to-market units.
The leadership changes come as Xerox continues to integrate its recent acquisition of Lexmark, completed earlier this year, which expanded the company’s global footprint and service capabilities.
The information in this article is based on a company press release statement.
In other recent news, Xerox Holdings Corporation reported its Q2 2025 earnings, revealing a significant miss in earnings per share (EPS) expectations. The company posted an adjusted loss per share of $0.64, which was substantially below the forecasted EPS of $0.07. Despite this, Xerox’s revenue slightly exceeded expectations, coming in at $1.58 billion. The earnings miss led to a notable drop in the company’s stock price. These recent developments have drawn attention from investors and analysts alike. While the revenue figures showed a positive aspect, the earnings miss was the more impactful news. No updates were provided regarding any mergers or acquisitions. Additionally, there were no analyst upgrades or downgrades reported in the recent news.
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