Visentin, who was additionally the vice chairman, joined Xerox as its CEO in Might 2018 after he was nominated by Carl Icahn. The activist investor’s agency is the most important shareholder of the corporate, in keeping with Refinitiv information.
Previous to that, Visentin had been employed as a guide by Icahn to help in his marketing campaign towards Xerox, when he pushed the corporate to discover strategic alternate options.
Visentin was additionally on the helm of the corporate when it failed at its $35 billion hostile takeover try of HP Inc, a merger which Icahn had pushed for in 2020.
In the identical yr, Xerox, which has been dealing with a slowdown in demand as companies reduce down on printing their paperwork, laid out a three-year cost-cutting plan beneath Visentin.
