Xerox announces organization changes

Xerox Holdings Corporation has 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.

Commenting on these changes Xerox Vice Chairman and CEO John Visentin says “We are focused on increasing the breadth of our offerings to better reach new and existing clients and drive organic growth. 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. 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. Naresh Shanker, senior vice president and chief technology officer, will lead the PARC Innovation business. Executive Vice President Louie Pastor has been appointed chief corporate development officer and chief legal officer.

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