Xerox Appoints New CEO Amid Revenue Growth

Louie Pastor takes over as CEO, succeeding Steve Bandrowczak, as the printer provider aims to build on recent acquisitions.

Mar. 30, 2026 at 4:49pm

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Xerox Holdings, a provider of office printers and software based in Norwalk, Connecticut, has appointed Louie Pastor as its new CEO, effective immediately. Pastor succeeds Steve Bandrowczak, who had served as CEO since August 2022. The company says Pastor's leadership and focus on execution will position Xerox for continued growth and success.

Why it matters

The leadership change at Xerox comes as the company has seen revenue growth in recent years, boosted by acquisitions such as the $1.5 billion purchase of Lexmark in 2025. However, the company has also faced challenges, including a 15% workforce reduction in 2024 as part of a reorganization. The new CEO will be tasked with building on Xerox's momentum and navigating the evolving printer and software market.

The details

Louie Pastor, who previously served as Xerox's president and chief operating officer, has been appointed the new CEO. He succeeds Steve Bandrowczak, who is stepping down after serving as CEO since August 2022. Prior to joining Xerox in 2018, Pastor held executive roles at Icahn Capital and Icahn Enterprises. The company says Pastor's leadership and focus on execution will position Xerox for long-term success.

  • Louie Pastor's appointment as CEO takes effect immediately.
  • Steve Bandrowczak served as Xerox's CEO from August 2022 to March 2026.

The players

Louie Pastor

The new CEO of Xerox Holdings, who previously served as the company's president and chief operating officer.

Steve Bandrowczak

The former CEO of Xerox Holdings, who is stepping down from the role.

Xerox Holdings

A provider of office printers and software, headquartered in Norwalk, Connecticut.

Carl C. Icahn

A major investor in Xerox for several years, who led efforts to block the company's sale to Fujifilm Holdings in 2019 before selling his remaining stake back to Xerox in 2023.

Scott Letier

The chairman of Xerox's board of directors.

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What they’re saying

“I am honored to step into the role of CEO and lead Xerox into its next chapter. 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.”

— Louie Pastor, CEO, Xerox Holdings

“Louie brings a strong combination of operational discipline, strategic insight and deep familiarity with Xerox. Throughout his time with the company, he has played a central role in advancing our strategy, strengthening our operating model and driving enterprise-wide transformation. The board is confident that Louie's leadership and focus on execution will position Xerox well as we continue to build momentum and deliver on our strategic and financial objectives.”

— Scott Letier, Chairman, Xerox Board of Directors

“It has been a privilege to lead Xerox during a period of significant change for our industry. 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.”

— Steve Bandrowczak, Former CEO, Xerox Holdings

What’s next

The company will continue to focus on executing its growth strategy under the new leadership of Louie Pastor, who is expected to provide updates on the company's progress in the coming months.

The takeaway

Xerox's leadership change comes as the company aims to build on recent revenue growth and acquisitions, navigating the evolving printer and software market. The new CEO, Louie Pastor, is tasked with driving continued execution and momentum for the Norwalk-based technology firm.