Xerox Holdings Corporation (XRX), the workplace technology major, Monday announced that its Chief Executive Officer, Steve Bandrowczak will step down.
Louie Pastor has been named replacement effective immediately, the company said in a statement.
Pastor, most recently was the Chief Operating Officer of Xerox.
Further, the company confirmed its full-year 2026 guidance and said that it remains on track to deliver on its financial and operational targets.In pre-market activity, XRX shares were trading at $1.4, up 0.09% on the Nasdaq.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.