Xerox appoints Louis J. Pastor as CEO, replacing Steven Bandrowczak effective March 31

Filed April 2, 2026 · Period ending March 27, 2026 · ~1 min read

Key Changes

• high

  Louis J. Pastor, 41, promoted from President and COO to CEO effective March 31, 2026, replacing Steven Bandrowczak. Pastor has been with Xerox since 2018 in senior roles including chief legal officer and chief transformation officer, and was also appointed to the Board.

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• high

  Former CEO Bandrowczak departed with severance including prorated vesting of restricted stock units through March 2028. He agreed to 24-month non-compete and non-solicitation terms and will provide 90 days of transition advisory services through June 30, 2026.

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• medium

  New CEO Pastor's compensation includes $900,000 base salary, target annual bonus of 150% of base ($1.35 million), and $6 million long-term incentive award in 2026. He retains change-in-control protections and severance eligibility from his prior role.

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