Xerox Holdings Corporation (NASDAQ: XRX) has recently announced a significant change in its leadership team. John Bruno, the President and Chief Operating Officer, will be leaving the company to pursue a CEO opportunity outside of Xerox. Bruno, who has been in his role since 2022, will continue in his position until August 31, after which he will remain a member of the Xerox board of directors. Louie Pastor has been named as Bruno's successor and will assume the role of President and COO effective September 1.
Pastor, who currently serves as the Chief Administrative Officer and Global Head of Operations, has played a key role in restructuring global operations and driving enterprise-wide improvements in IT, cybersecurity, analytics, and operational efficiency. His appointment as President and COO reflects the company's confidence in his leadership abilities and vision for the future.
In addition to the leadership transition, Jacques-Edouard Gueden has been appointed as the Chief Revenue Officer, effective September 1. Gueden, a 30-year Xerox veteran, will be responsible for leading the company's direct and indirect print go-to-market units. With his extensive experience and deep understanding of Xerox's global client base and partner ecosystem, Gueden is expected to play a crucial role in shaping the sales strategy of the combined organization.
These leadership changes come at a significant time for Xerox as the company is undergoing a transformation, including the integration of Lexmark and strategic acquisitions like itsavvy. Steve Bandrowczak, the Chief Executive Officer at Xerox, expressed confidence in the incoming leadership team and emphasized their contributions in ensuring a smooth transition and sustained momentum for the company.
As Xerox prepares for the next phase of its growth and transformation, the new leadership team will be instrumental in driving consistent execution and long-term growth across various market segments.
This announcement marks a notable shift in the top leadership at Xerox, and investors and industry analysts will be closely monitoring the performance of the new leadership team as the company navigates through this transition period. As a result of these announcements, the company's shares have moved -2.9% on the market, and are now trading at a price of $4.02. If you want to know more, read the company's complete 8-K report here.
