John Visentin, the chief executive of Xerox Holding, passed away on Tuesday due to complications from a pre-existing illness, the business reported.
“Since he joined the firm in May 2018, John has advanced Xerox, “James Nelson, the chairman, said in a statement announcing Visentin’s passing. “John’s passion, vigor, and dedication to the company, its clients, partners, and workers will be sorely missed.”
Visentin, 59, worked for several tech firms before joining Xerox, including International Business Machines Corp. and Hewlett-Packard Co.
According to the business, Steve Bandrowczak, Xerox’s president and chief operating officer, would act as temporary CEO.
A failed hostile takeover attempt for HP Inc., the manufacturer of computers and printers, occurred under Visentin’s presidency in 2020. In response to a decline in the market for printed papers, Xerox, a pioneer in photocopying, suggested that the combination would aid in modernizing the businesses. Over the past four years, falling income has battered Xerox.