CEO of Xerox John Visentin passes away at 59

• Xerox CEO John Visentin died due to complications from an ongoing illness.
• Visentin joined Xerox as CEO in May 2018 after he was nominated by Carl Icahn.
• Xerox has named Steve Bandrowczak, president and chief operations officer, as interim CEO.

Printer producer Xerox Holdings Corp (XRX.O) said on Wednesday that Chief Executive Officer John Visentin, 59, has passed on because of entanglements from a continuous sickness.

Read more: May manufacturing output in Japan saw its steepest decline in two years

Xerox called Visentin’s passing unforeseen and said it has named Steve Bandrowczak, president and boss activities official, as interval CEO.

Visentin, who was likewise the bad habit administrator, joined Xerox as its CEO in May 2018 after he was named via Carl Icahn. The extremist financial backer’s firm is the greatest investor of the organization, as per Refinitiv information.

Preceding that, Visentin had been employed as a specialist by Icahn to aid his mission against Xerox when he pushed the organization to investigate key other options.

Visentin was likewise in charge of the organization when it fizzled at its $35 billion unfriendly takeover endeavor of HP Inc (HPQ.N), a consolidation that Icahn had pushed for in 2020.

Around the same time, Xerox, which has been confronting a stoppage popular as organizations cut down on printing their desk work, spread out a three-year cost-cutting arrangement under Visentin.