Giovanni (John) Visentin was the CEO of Xerox Holdings Corporation from May 2018 until his unexpected passing in June 2022. He had a background that included significant roles at companies like HP Enterprise Services and Novitex Enterprise Solutions before joining...

Giovanni (John) Visentin was the CEO of Xerox Holdings Corporation from May 2018 until his unexpected passing in June 2022. He had a background that included significant roles at companies like HP Enterprise Services and Novitex Enterprise Solutions before joining Xerox. Visentin was known for his focus on operational excellence and strategic growth. Under his leadership, Xerox worked to realign its business strategy with market demands, especially during challenging times like the pandemic. Despite not hitting all performance targets, he made sure to drive the company towards sustainable profitability. His total compensation in 2020 reached nearly $18.1 million, showcasing the high stakes at play in executive roles dedicated to transforming legacy businesses.

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2. Holdings

3. Insider Trading

4. Compensation History

5. Other Xerox Holdings Corporation CEOs

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Giovanni (John) Visentin

Ex-CEO of Xerox Holdings Corporation

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Technology

Born

June 10, 1963 - 61 years ago

CEO of Xerox Holdings Corporation for

4 years 1 month (May 2018 - Jun 2022)

Previous Experience

Former Vice Chairman and Chief Executive Officer of Xerox Holdings Corporation

Rivals

Competitors/colleagues of Giovanni (John) Visentin

Holdings

See how much did Giovanni (John) Visentin make over time.

During his time at Xerox, Visentin had significant holdings in Xerox Holdings Corporation stock. As of June 2022, his wealth in the company’s shares fluctuated notably, reflective of the company's ups and downs in the stock market. In 2020, his...

During his time at Xerox, Visentin had significant holdings in Xerox Holdings Corporation stock. As of June 2022, his wealth in the company’s shares fluctuated notably, reflective of the company's ups and downs in the stock market. In 2020, his total compensation was recorded at $18.1 million, largely from vested stock awards. This highlights the potential volatile nature of executive wealth tied to stock performance as opposed to fixed salary. His wealth peaked when the stock was performing well after strategic initiatives, but he faced challenges as Xerox dealt with shifting market demands, emphasizing the risks executives bear with their holdings.

Insider Trading

See recent insider trades of Giovanni (John) Visentin.

XRX

169,349 shares

XRX

Jan 12, 2022

Received

XRX

170,649 shares

XRX

Jan 11, 2021

Received

XRX

262,469 shares

XRX

Dec 9, 2020

Received

XRX

107,992 shares

XRX

Jan 13, 2020

Received

XRX

290,816 shares

XRX

Jan 14, 2019

Received

XRX

87,689 shares

XRX

May 15, 2018

Received

XRX

350,755 shares

XRX

May 15, 2018

Received

Compensation History

See how much did Giovanni (John) Visentin make over time.

In his role at Xerox, Visentin's compensation package was notable. In 2022, his total compensation was reported at $21.7 million, primarily from vested stock worth $12.9 million. His base salary remained at $1.2 million throughout the years he served. Notably, he received no bonuses in 2021 or 2022 as performance metrics were not fully met. In 2020, including a one-time bonus due to pandemic-related challenges, his total compensation reached approximately $18.1 million. This illustrates his alignment with shareholder interests, focusing on performance-related pay tied to the company's success and financial performance metrics.

Year

2022

Total Compensation

$22.93M

Salary

$1.20M

Board Justification

The compensation philosophy emphasizes alignment with shareholder interests, focusing on performance metrics that drive profitability and sustainable growth.

Bonus

$0.00

Board Justification

No bonus was awarded for 2022 due to performance metrics not being met.

Other

$0.00

Board Justification

No other compensation was reported for 2022.

Restricted Stock

$21.73M(1.29M RSU)

Board Justification

The stock that vested in 2022 includes shares from RSUs and PSUs that were granted in previous years and vested upon performance metrics being met.

Performance Metrics

The performance metrics for 2022 included Free Cash Flow, Absolute Revenue, Adjusted Operating Margin, and ESG objectives.

Other Xerox Holdings Corporation CEOs

Here are other CEOs of Xerox Holdings Corporation

Steven Bandrowczak

CEO of Xerox Holdings Corporation

August 2022 - Present