Xerox Announces President & COO Transition, Louie Pastor Named Successor.

Xerox Holdings Corporation announced that President and COO John Bruno is leaving to pursue a CEO opportunity outside the company. Bruno will remain in his operating role through August 31 and continue as a Board member. Louie Pastor has been named President and COO, effective September 1. Bruno will chair the Integration Committee overseeing the Xerox and Lexmark combination.

Xerox Holdings Corporation (NASDAQ: XRX) has announced significant changes in its leadership structure. John Bruno, the President and Chief Operating Officer (COO) since 2022 and a Xerox Board member since 2024, has decided to pursue a CEO opportunity outside of the company. Bruno will remain in his operating role until August 31 and will continue as a member of the Xerox Board of Directors, where he will chair the newly formed Integration Committee overseeing the combination of Xerox and Lexmark [1].

Louie Pastor has been named as the new President and COO, effective September 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. In this role, he has restructured global operations and driven enterprise-wide improvements in IT, cybersecurity, analytics, and operational efficiency [1].

As part of these leadership updates, Jacques-Edouard Gueden has been named Chief Revenue Officer effective September 1, leading the company's direct and indirect print go-to-market units. Gueden, a 30-year Xerox veteran, currently serves as Chief Channel and Partner Officer, where he leads the company's indirect print go-to-market unit [1].

John Bruno expressed his pride in his accomplishments and confidence in Louie Pastor's leadership during his transition out of day-to-day operations. Steve Bandrowczak, the current CEO of Xerox, acknowledged Bruno's contributions and expressed confidence in Pastor's ability to guide the company's next phase of execution [1].

The transition comes as Xerox continues to integrate the Lexmark business, aiming to strengthen its global footprint and service capabilities. The company's forward-looking statements highlight various risks and uncertainties, including market conditions, macroeconomic factors, and regulatory risks [1].

References:
[1] https://investors.xerox.com/news-releases/news-release-details/xerox-announces-president-coo-transition
[2] https://www.nasdaq.com/articles/xerox-holdings-names-louie-pastor-succeed-john-bruno-president-and-coo
[3] https://www.printweek.com/content/news/xerox-president-and-coo-to-depart-role