Xerox Announces Organization Changes to Support Plans for New Businesses – Consumer Electronics Net

2 months ago
NORWALK, Conn.–(BUSINESS WIRE)–$XRX—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.

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