Xerox Announces Departure of COO John Bruno

Xerox announced that President and COO John Bruno will leave his role to pursue a CEO opportunity outside the company. Bruno, who has served as president and COO since 2022 and joined the Xerox board in 2024, will remain in his role until a successor is appointed. The company did not provide further details on Bruno's departure.

Xerox Holdings Corporation (NASDAQ: XRX) has announced that its President and Chief Operating Officer, John Bruno, will leave his role to pursue a CEO opportunity outside the company. Bruno, who has served in this position since 2022 and joined the Xerox board in 2024, will remain in his current position until August 31, after which he will continue as a board member and chair the newly formed Integration Committee overseeing the merger of Xerox and Lexmark. Louie Pastor will assume the role of President and COO effective September 1 [1].

Pastor currently serves as Chief Administrative Officer and Global Head of Operations, where he has led the Xerox Reinvention Office and the Global Business Services organization. He has been instrumental in restructuring global operations and driving enterprise-wide improvements in IT, cybersecurity, analytics, and operational efficiency [1].

The announcement comes as Xerox is in the midst of significant strategic changes, including the acquisition of Lexmark, which aims to expand the company's global footprint and strengthen its service capabilities. The company has set targets for $250M+ in cost synergies and 16–17% revenue growth following the acquisition [1].

In addition to the leadership transition, Jacques-Edouard Gueden has been named Chief Revenue Officer effective September 1. Gueden, a 30-year Xerox veteran, will lead the company’s direct and indirect print go-to-market units. His appointment underscores Xerox's commitment to strengthening its position across the channel, SMB, and enterprise markets [1].

Xerox's strategic picture is becoming clearer, but the core business remains weak, as evidenced by mixed Q2 results and updates to the FY25 outlook. The company's ability to successfully integrate the Lexmark business and realize the anticipated benefits, including expected synergies, will be critical to its future performance [1].

References:
[1] https://seekingalpha.com/news/4483176-xerox-coo-john-bruno-to-depart
[2] https://www.businesswire.com/news/home/20250810351561/en/Xerox-Announces-President-COO-Transition