Xerox CEO resigns casting doubt over merger
| 03 May, 2018
The CEO of Xerox and six other board members have resigned, casting speculation on the takeover deal of the US giant by Fujifilm.
The resignation of Jeff Jacobson can be seen as a victory for activist investors Darwin Deason and Carl Icahn, who opposed the deal.
John Visentin is expected to be appointed as the new vice chairman and chief executive officer of Xerox.
The new Board of Directors plans to evaluate all strategic alternatives, including terminating or restructuring Xerox’s relationship with Fujifilm.