All Behind Xerox C.E.O John Visentin’s Cause of Death
On Wednesday we, unfortunately, received the heartbreaking news that Xerox Chief Executive Officer John Visentin’s cause of death has been revealed after he suddenly passed away on June 29, 2022, at the age of 59.
May he rest in heaven; we send our thoughts and prayers to his loved ones.
Printer maker Xerox Holdings confirmed and announced the tragic news of John’s death and reported it has chosen Steve Bandrowczak, president and chief operations officer, as the next CEO.
The Xerox family is heavily saddened by this untimely passing and extends its sincere condolences to John’s wife, his five children, and his family.
A statement from the company read, “We are all greatly saddened by this tragic news and are keeping his family at the forefront of our thoughts in this difficult time.”
Bandrowczak added, “John’s vision was clear, and the Xerox team will continue fulfilling it, not only to deliver on our commitments to our shareholders, customers, and partners but also to pursue John’s legacy.”
The legend was selected as CEO of Xerox in May 2018. His assignment as chief executive and vice-chairman arose from a deal between Xerox’s board and activist investor Carl Icahn, who had resisted a strategy to combine with Japan-based Fujifilm. Icahn stays Xerox’s biggest shareholder.
Visentin led the company through a tumultuous period in which demand for printing services sagged during the COVID-19 pandemic. Xerox chairman James Nelson noted that Visentin had spearheaded a new focus on “digital and IT services, financial services and disruptive technologies” in recent years.
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John Visentin’s Cause of Death Related to an Illness
John Visentin’s cause of death has been reported; according to official reports, he lost his life because of complications from an ongoing illness.
Our team does not confirm any rumors about the news, but you can be sure that we are attempting our best to find related information about the tragedy and provide the latest updates as soon as possible; but, do not forget that family privacy should be respected.
Under Visentin’s administration, Xerox launched a $35 billion hostile seizure bid for Hewlett-Packard, though the company left its course as the pandemic weighed on its business. Icahn held large stakes in both companies and had made for the contract to move forward.
Before his stint at Xerox, Visentin served as a consultant at Apollo Global Management and as an executive at HP and IBM, based on his LinkedIn page.
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“The Xerox family is profoundly saddened by this untimely event and extends its heartfelt condolences to John’s wife, his five daughters, and his family,” the company told in a statement.
Xerox claims fell over 2% in early trading Thursday in a broader downturn in the stock market. The company’s shares have fallen over 35% so far this year.