Xerox Announces Organization Changes to Support Plans for New Businesses

Xerox Holdings Corporation (NYSE: XRX), a global workplace technology company, announced organizational changes to support plans to create three new businesses – Software, Financing and Innovation – aimed at delivering long-term growth in 2021 and beyond.

“We are focused on increasing the breadth of our offerings to better reach new and existing clients and drive organic growth,” said Xerox Vice Chairman and CEO John Visentin. “Our plan to stand up three separate businesses by 2022 will provide greater focus, flexibility, and visibility as we position Xerox for the future.”

Nicole Torraco has been promoted to senior vice president, Xerox Financial Services (XFS), to lead Xerox’s financing business, reporting directly to Visentin. XFS will become a global payment solutions business, aimed at expanding its customer base, creating potential cross-selling opportunities, and helping to support small and medium-sized businesses. Torraco previously served as chief strategy and M&A officer.

Sam Waicberg will lead the Software business as vice president and general manager of Digital Services, reporting to President and Chief Operations Officer Steve Bandrowczak. Sam joined Xerox with the recent acquisition of CareAR, an augmented reality support platform company, where he was co-founder and CEO. The new Software business includes CareAR as well as DocuShare®, a cloud-based content management system; XMPie, a multi-channel marketing software company; and FreeFlow®, automation software for production print. The business will bring together Xerox’s expanding capabilities to better support clients’ digital needs.

Naresh Shanker, senior vice president and chief technology officer, will lead the PARC Innovation business. Xerox has made progress advancing new technology in recent years with products including 3D liquid metal and industrial IoT products, cleantech technology, signing clients and generating strong commercial interest. PARC will include the scientists and engineers located in Palo Alto, Calif.; Webster, N.Y.; Cary, N.C., and Toronto to create an innovation business that drives the commercialization of Xerox’s developing disruptive technology.

Executive Vice President Louie Pastor has been appointed chief corporate development officer and chief legal officer. In addition to overseeing Xerox’s legal organization, Pastor will lead a new Corporate Development group responsible for sourcing, evaluating, and executing M&A opportunities and venture investments, including the company’s recently announced $250 million corporate venture capital fund.
https://www.news.xerox.com/news/Xerox-announces-organization-changes-to-support-plans-for-new-businesses

Related Posts

CJK Group Invests in Sheridan Printing Facilities With Multiple New Equipment Purchases at Several Plants (piworld.com)

Sheridan’s parent company, CJK Group, has approved several new equipment acquisitions for the Sheridan facilities, bringing even more state-of-the-art capabilities to five of its nine locations. The Sheridan Pennsylvania facility will install an HP T250 Series PageWide Inkjet Web Press equipped with an in-line Magnum Finishing Line, and will implement an upgrade of two HP T240 Series PageWide Inkjet Web Presses to the T250 format with the new T250 Core, Vision System, and DFE – all planned for this fall. In addition, a Muller Martini Infinitrim Three-Knife Trimmer will be integrated with an existing Vareo Perfect Binder, resulting in the most efficient means of binding and trimming ultrashort-run books down to a quantity of one. That installation is slated for this summer. The Sheridan Kentucky and Sheridan Michigan plants will each implement an HP DFE Base and Vision System Upgrade to their HP Series PageWide Inkjet Web Presses (HP T400 Series in Kentucky and HP T300 Series in Michigan). The Sheridan Wisconsin facility will add to its digital fleet with the installation of a new HP Indigo 12000 Sheetfed Toner Press this spring.

Advertisers Printing Celebrates 100 Years (piworld.com)

Last week, Advertisers Printing, a commercial shop in St. Louis, Missouri, celebrated an impressive milestone: 100 years in business. Alex Fechner, the fourth generation of the family to be stepping into the business, noted that since 1923, the company has seen "one Great Depression, two world wars, a booming economy, two recessions and last but not least…. COVID. In other words, lots of ups downs and everything in between." Bill Fechner, the third generation and Alex's father, noted at the event as the next generation begins to truly make its mark that, "There’s a saying that even a blind squirrel finds a nut eventually. After 44 and one-half years on the Advertisers' team, my title has officially changed from CEO to blind squirrel."

Sun Chemical Color Solutions Opens State-of-the-Art Masterbatch Mixing Plant in Germany

Sun Chemical’s Color Materials division opened a state-of-the-art, energy-efficient mixing plant in Cologne, Germany. Sun Chemical Color Solutions, the masterbatch business of the Color Materials division, is responsible for the development, manufacture, and distribution of masterbatches to the plastics industry. The new mixing plant enables Sun Chemical to produce more efficiently and meet the plastics industry’s increasing quality requirements. Digitalized and automated processes, along with optimized internal transport routes, allow Sun Chemical to react more quickly to changes in customer requirements. The facility comprises over 1,700 square meters of floor space to ensure an increase in production capacity.
Back To Top
×Close search
Search