Xerox Appoints Philip Giordano to Board of Directors

Rhea-AI Summary

Xerox Holdings Corporation (NASDAQ: XRX) has appointed Philip Giordano to its board of directors. Giordano, founder and Chief Investment Officer of Livello Capital Management, brings extensive experience as a value investor from his time at Goldman Sachs and Deutsche Bank. Chairman James Nelson expressed confidence in Giordano's ability to support Xerox's corporate strategy. With this addition, the board retains eight members. Giordano aims to collaborate closely with the Xerox team to drive the company's growth.

Positive

• Appointment of Philip Giordano expected to enhance board's investment expertise.
• Giordano's prior experience at major financial institutions could benefit corporate strategy.

Negative

• No prior experience directly in the technology or services sector may present a learning curve.

NORWALK, Conn.--(BUSINESS WIRE)-- Xerox Holdings Corporation (NASDAQ: XRX) today announced Philip Giordano has been appointed to its board of directors.

“Xerox is pleased to announce the addition of Philip Giordano to our Board of Directors,” said James Nelson, Chairman of Xerox’s Board of Directors. “His depth of experience as a value investor will support our corporate strategy in the years to come. We look forward to the insights and perspective he will provide.”

Giordano is the Founder and Chief Investment Officer of Livello Capital Management, a registered investment advisor. He previously held senior positions at Goldman Sachs and Deutsche Bank, where he invested across sectors and capital structures following a rigorous and disciplined investment process. Giordano began his career as an analyst at Citigroup in the investment banking division after graduating from New York University with a B.S. in Finance and Accounting.

“Xerox is a name synonymous with innovation and redefining the workplace experience for its clients,” said Giordano. “I look forward to collaborating with the Xerox team and my fellow directors as we plan for the company’s next stage of growth.”

With the election of Giordano, Xerox’s board of directors remains at eight members.

About Xerox Holdings Corporation (NASDAQ: XRX)

For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and production print technology, we've expanded into software and services to sustainably power today's workforce. From the office to industrial environments, our differentiated business solutions and financial services are designed to make every day work better for clients — no matter where that work is being done. Today, Xerox scientists and engineers are continuing our legacy of innovation with disruptive technologies in digital transformation, augmented reality, robotic process automation, additive manufacturing, Industrial Internet of Things and cleantech. Learn more at xerox.com.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20220727005848/en/

Media Contact:

Justin Capella, Xerox, +1-203-258-6535, Justin.Capella@xerox.com

Investor Contact:

David Beckel, Xerox, +1-203-849-2318, David.Beckel@xerox.com

Source: Xerox Holdings Corporation

FAQ

Who is Philip Giordano and what is his role at Xerox?

Philip Giordano has been appointed to the board of directors at Xerox, bringing extensive value investing experience.

What impact might Philip Giordano's appointment have on Xerox?

His financial expertise could support Xerox's corporate strategy and growth initiatives.

What changes occurred in Xerox's board of directors?

Xerox's board now includes Philip Giordano, maintaining a total of eight members.