Xerox appoints new CEO having scrapped Fujifilm deal

By Pouyan Broukhim

Leading US digital solutions company Xerox has announced that it has named John Visentin as its new CEO, taking over from Jeff Jacobson in the role.

“Xerox today announced that its Board of Directors has appointed John Visentin as Chief Executive Officer,” the company said. “Visentin was also elected Vice Chairman of the Board of Directors.”

See also:

Appointed by the Board of Directors at Xerox, Visentin’s enrollment as CEO at the firm comes shortly after the company scrapped its planned $6.1bn takeover talks with Fujifilm, with Jacobsen having been a key architect in creating and promoting the Fujifilm deal.

Xerox’s withdrawal from negotiations with Fujifilm was a success for leading shareholders Darwin Deason, the former owner of Affiliated Computer Services that was sold to Xerox for $6.4bn in 2010, and Carl Icahn who had been staunchly opposed to the deal, claiming that Fujifilm’s valuation was too low.

Visentin has held a number of leadership roles previously including Chairman of the Board at Presidio, Executive Chairman and CEO at Novitex Enterprise Solutions, whilst also having worked for Hewlett Packard Enterprise, IBM, Apollo Global Management, Icahn Enteprises and Advent International.


Featured Articles

Top 10 wealthiest billionaires in the US

Business Chief provides a rundown of the top 10 richest billionaires in the US based on the most recent Forbes 400 list, which is published every year

Top 10 easiest countries in the world to do business

Business Chief takes a look at the top 10 places in the world to do business, according to TMF Group's Global Business Complexity Index (GBCI) for 2023

Patagonia Chair Charles Conn on becoming an imperfectionist

Entrepreneur and Patagonia Chair Charles Conn talks to Business Chief about rethinking strategy amid uncertainty, and why an imperfectionist approach works

Top 10 most valuable brands in the world – Amazon to TikTok

Corporate Finance

Four priorities for new Twitter CEO Linda Yaccarino

Leadership & Strategy

Top 10 shifts transforming organisations – McKinsey & Co

Leadership & Strategy