Executive Turmoil at Xerox Sees CEO Steve Bandrowczak Depart

For the second time in less than a year, Xerox has dealt with change in a corner office position, as CEO Steve Bandrowczak resigned on Monday. Louie Pastor, who took the reins after President and COO John Bruno left late last summer, will slot into the CEO position.

“I am honored to step into the role of CEO and lead Xerox into its next chapter,” Pastor said. “Steve’s leadership has been instrumental in strengthening the company’s foundation and positioning Xerox for long‑term success. We have a strong team and a clear focus on execution. I look forward to driving results and delivering on our priorities.”

No reason was given for Bandrowczak’s departure, which was effective immediately. He’d joined the company as president and COO in June of 2018 before being elevated to CEO in the summer of 2022 following the death of John Visentin.

Bandrowczak formerly held executive roles with Alright Solutions and Sutherland Global Services and HPE. Another Xerox upper echelon executive, CFO Mirlanda Gecaj, stepped down from the company last December.

“It has been a privilege to lead Xerox during a period of significant change for our industry,” said Bandrowczak. “Over the past several years, we have taken important steps to strengthen the company, and I am proud of the resilience of our team. I appreciate the support of the Board and leadership team during my tenure and wish the company well in its next chapter. I’m confident Louie will lead the company with the focus and execution discipline this moment requires.”

Pastor has played a central role in advancing the company’s strategy and driving operational performance. In this role, he led enterprise transformation, global service delivery, revenue operations, marketing and communications, and the company’s people and technology organizations, helping accelerate Xerox’s growth initiatives.

While the company is reaffirming its full-year 2026 guidance and “remains on track to deliver on its financial and operational targets,” its stock has tumbled more than 70% during the past 12 months.