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02.07.25 - 14:06
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CompassMSP Appoints Milind Shah as Chief Operating Officer to Drive Operational Growth and Client Innovation (Business Wire)
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Industry veteran brings expertise and agility to national IT services providerWEST HARTFORD, Conn.--(BUSINESS WIRE)--CompassMSP, a national provider of managed IT and cybersecurity services, is pleased to announce the appointment of Milind Shah as Chief Operating Officer.
Milind brings more than 20 years of leadership in IT strategy, operations, and service delivery. He has held senior roles at ITsavvy, Oak9, and Xerox IT Solutions, where he led a division generating over $800 million in revenue. His cross-industry experience — spanning healthcare, retail, and SaaS security — reflects a deep focus on execution and customer value.
“Milind brings a unique perspective to CompassMSP — he understands the complexity of enterprise infrastructure and the speed required to serve SMB and mid-market clients,” said Michael Rapp, CEO of CompassMSP. “His ability to lead with clarity, scale services, and drive field innovation is exactly what we need to meet the evolving needs of our customers.”
“I'm ex...
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01.07.25 - 22:03
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Xerox Completes the Acquisition of Lexmark, Uniting Two Industry Leaders (Business Wire)
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NORWALK, Conn.--(BUSINESS WIRE)--Xerox Holdings Corporation (NASDAQ: XRX) today completed its acquisition of Lexmark International, Inc. from Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre. The transaction, valued at $1.5 billion inclusive of net debt and assumed liabilities, marks a significant milestone in the company's strategic transformation and reinforces its commitment to delivering innovative workplace solutions in an evolving hybrid environment.
“We've long admired Lexmark's strong print and managed print services reputation, robust client and partner base, and global presence. Over the years, we've built a collaborative partnership, and today, we take our business to the next level,” said Steve Bandrowczak, chief executive officer at Xerox. “Together, we will drive greater success for our clients and partners through a broader portfolio of Print and Managed Print solutions, furthering our Reinvention and solidifying our path toward long-term profitable gr...
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23.06.25 - 14:06
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Wiley Appoints Craig Albright as Executive Vice President and Chief Financial Officer (Business Wire)
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Seasoned finance executive brings a proven track record in driving profitable growth, improving operational efficiency, and optimizing cash flowHOBOKEN, N.J.--(BUSINESS WIRE)--Wiley (NYSE: WLY), one of the world's largest publishers and a global leader in research and education, today announced the appointment of Craig Albright as executive vice president and chief financial officer, effective June 26, 2025. Chris Caridi, who has led Wiley's finance organization as interim chief financial officer, will continue with the role of senior vice president, chief accounting officer and finance transformation leader.
Albright joins Wiley with over 30 years of global leadership expertise in finance, strategy, and consulting roles. He recently served as CFO, Americas and Global Cash Center Lead at Xerox, where he oversaw multiple business units with annual sales ranging from $100 million to $2 billion, drove portfolio decisions, delivered significant cost savings, and instituted programs to improve cash conversio...
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22.05.25 - 22:36
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Xerox Updates Capital Allocation Policy Ahead of Lexmark Acquisition (Business Wire)
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NORWALK, Conn.--(BUSINESS WIRE)--Xerox announced today that its Board of Directors approved an update to its dividend policy in anticipation of the closing of the Lexmark transaction, reducing the quarterly dividend to $0.025 per share ($0.10 per share annualized). Accordingly, Xerox announced the declaration of a quarterly dividend of $0.025 per share on Xerox Holdings Corporation Common Stock. The dividend is payable on July 31, 2025, to shareholders of record on June 30, 2025.
In December 2024, Xerox announced a reduction to its dividend in conjunction with the planned acquisition of Lexmark, reflecting the prioritization of debt repayment following acquisition close. Since then, yields on Xerox publicly traded debt have risen, resulting in an increased cost of capital and placing greater value on the reduction of debt. Further, an acceleration in the expected timing of the Lexmark transaction close and ongoing tariff and trade-related volatility have put a premium on flexibility.
“Consistent with ou...
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14.05.25 - 14:39
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Xerox Unveils Post-Lexmark Acquisition Leadership Team (Business Wire)
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Lexmark Executives Named to Key Roles; Kim Kleps Appointed Chief People Officer
NORWALK, Conn.--(BUSINESS WIRE)--As part of Xerox Holdings Corporation's (NASDAQ: XRX) acquisition of Lexmark International, Inc., the company announced today that two distinguished Lexmark executives will join its Executive Committee at the close of the acquisition. Further strengthening the Xerox leadership team, Kim Kleps will serve as Xerox Chief People Officer, effective immediately.
These leaders bring deep industry expertise to Xerox. They will play a critical role in shaping the future combined company as it integrates Lexmark's renowned imaging solutions and technologies into its portfolio. The incoming Executive Committee members are:
Billy Spears, Chief Product Development & Delivery Officer
Chuck Butler, Chief Business Services Officer
"Welcoming these outstanding Lexmark leaders and naming Kim as Chief People Officer marks an exciting step forward for Xerox," said Steve Bandrowczak, chief executive off...
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