Xerox Holdings Corporation (NASDAQ: XRX) has announced the transition of its President and Chief Operating Officer, John Bruno, who has decided to pursue a CEO opportunity outside of the company. Louie Pastor has been named as his successor, effective September 1. Pastor currently serves as Chief Administrative Officer and Global Head of Operations, leading the Xerox Reinvention Office and the Global Business Services organization.
As part of these leadership updates, Jacques-Edouard Guéden has been named Chief Revenue Officer effective September 1, leading the company’s direct and indirect print go-to-market units. Guéden, a 30-year Xerox veteran, currently serves as Chief Channel and Partner Officer.
These changes come as Xerox is overseeing the combination of Xerox and Lexmark, with John Bruno remaining a member of the Xerox board of directors and chairing the newly formed integration committee.
Under Bruno's leadership, Xerox has made strategic acquisitions such as itsavvy and Lexmark. The company has seen significant changes in its operating model and management system, as well as improvements in IT, cybersecurity, analytics, and operational efficiency. Bruno's departure is a significant change for the company, and it will be interesting to see how the new leadership will guide Xerox through its next phase of execution.
It's worth noting that Jacques-Edouard Guéden's appointment as Chief Revenue Officer reflects the company's focus on strengthening its position across the channel, SMB, and enterprise markets, driving consistent execution and long-term growth. With his deep understanding of Xerox's global client base, partner ecosystem, and go-to-market model, Guéden is expected to play a crucial role in shaping the sales strategy of the combined organization.
It will be essential to monitor the impact of these leadership changes on Xerox's future performance and growth trajectory, especially as the company continues its integration efforts with Lexmark.
These changes in leadership mark a significant period of transition for Xerox, and the company will likely face both challenges and opportunities as it strives to maintain its momentum and drive future growth. 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. For more information, read the company's full 8-K submission here.
