Xerox CEO John Visentin unexpectedly dies at 59

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Xerox CEO John Visentin unexpectedly dies at 59
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Under Visentin's leadership, Xerox expanded its expertise and offerings to digital and IT services, financial services and disruptive technologies.

"John’s drive, energy and commitment to the business and its customers, partners and employees will be greatly missed," Xerox board chairman James Nelson said.

Visentin will be replaced by Xerox president and chief operations officer Steve Bandrowczak on an interim basis.

"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 said. "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."As of the time of publication, shares of Xerox have fallen approximately 35% year to date.

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