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Xerox appoints new CEO

Xerox Corp. appointed John Visentin as CEO and elected him as vice chairman of the board of directors.

The directors also elected Keith Cozza as chairman of the board, according to a May 16 press release.

The company announced on May 1 that CEO Jeff Jacobson, Chairman Robert Keegan and five other board members had agreed to resign as part of a settlement with activist investors Darwin Deason and Carl Icahn.

The settlement sought to resolve a pending proxy contest and a court case aimed at blocking a $6.1 billion deal that would merge Xerox into Fuji Xerox. The deal was eventually scrapped.