In keeping with stories, Xerox CEO John Visentin died on Tuesday, June 28, 2022. Xerox introduced the information to the world on Wednesday. The corporate issued an announcement through which they stated that the Xerox household is profoundly saddened by this premature occasion and extends its heartfelt condolences to John’s spouse, his 5 daughters, and his household. Ever because the announcement of the information, the netizens have flooded the web with tributary posts and condolence messages. Whereas many are mourning his premature loss of life, many are trying to find his explanation for loss of life too. Right here is all the pieces we find out about it.
Expressing his disappointment about his demise, Chairman James Nelson stated in an announcement that John drove Xerox ahead ever since he joined the corporate in Might 2018. Nelson additional acknowledged that John’s drive, power, and dedication to the enterprise and its prospects, companions, and workers might be drastically missed. Aside from James Nelson, many personalities got here ahead and paid the person honest tributes on social media. Studies affirm that John Visentin died as a consequence of issues from an ongoing sickness. He was 59 on the time of his premature passing.
Printer maker Xerox Holdings Corp referred to as John’s loss of life sudden. It’s coming ahead that the corporate has named Steve Bandrowczak, president and chief operations officer, as interim CEO. Allow us to inform you that Visentin, who was additionally the vice chairman, joined Xerox firm as its CEO in Might 2018. He was reportedly nominated by Carl Icahn. In keeping with Refinitiv statistics, the activist investor’s firm is the company’s largest shareholder.
Previous to then, Icahn had employed Visentin as a marketing consultant to assist in his marketing campaign towards Xerox, throughout which period he inspired the company to contemplate strategic options. As well as, Visentin was in control of the enterprise when it tried a $35 billion hostile buy of HP Inc., a merger that Icahn had pushed for in 2020. The identical 12 months, Xerox unveiled a three-year cost-cutting plan underneath Visentin in response to a downturn in demand introduced on by companies’ decreased printing of paperwork.
An unsuccessful hostile takeover try for HP Inc., the producer of computer systems and printers, occurred underneath Visentin’s presidency in 2020. In response to a decline available in the market for printed papers, Xerox, a pioneer in photocopying, prompt that the mix would help in modernizing companies. Over the previous 4 years, falling earnings has battered Xerox. Our staff pays heartfelt tributes to John Visentin and extends our deepest condolences to his household.