• Bloomberg


Xerox Corp.’s top executive and six board members agreed to step down in a victory for businessman Carl Icahn in his battle against the company’s planned $6.1 billion (¥670 billion) takeover by Fujifilm Holdings Corp.

The resignations, revealed in a Tuesday court filing, include CEO Jeffrey Jacobson and Chairman Robert Keegan and are part of an agreement with activist investors to settle a lawsuit that will put in place executives close to Icahn. Keith Cozza, CEO of Icahn Enterprises, is expected to be elected chairman, while John Visentin, who has been a consultant to Icahn in the feud against Xerox, is slated to be appointed as its new CEO.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.