Xerox Holdings Corporation (NASDAQ: XRX), a global leader in print and digital document solutions, today announced a significant executive appointment, naming Chuck Butler as Chief Financial Officer (CFO), effective December 3, 2025. This strategic move is part of the company’s ongoing effort to align its leadership structure with its bold strategic priorities and enhance operational integration across the entire enterprise as it continues executing its multi-year “Reinvention” strategy.
A Change in Financial Leadership
The appointment of Mr. Butler follows a mutual decision for Mirlanda Gecaj to depart Xerox and pursue new professional opportunities. Her last day with the company will be December 2, 2025.
Steve Bandrowczak, Chief Executive Officer of Xerox, extended his gratitude to the outgoing executive. “Mirlanda has played a meaningful role in guiding the company through an important period of transformation, navigating complex financial landscapes and contributing significantly to our strategic direction,” Mr. Bandrowczak said. “On behalf of the Board and the entire leadership team, I thank her sincerely for her leadership and contributions over her tenure and wish her the very best in the future endeavors she chooses to pursue.”
The transition highlights Xerox’s commitment to ensuring continuity while strategically injecting new, complementary expertise into its top ranks to drive the next phase of its evolution.
Chuck Butler: A Strategic Addition with Proven Expertise
Mr. Butler is set to bring a wealth of extensive financial and operational expertise to the crucial CFO role. In a structure designed for maximum operational synergy, Mr. Butler will also retain leadership of the Global Business Services organization, a testament to his ability to manage and integrate large, complex organizational units. This dual responsibility is expected to further strengthen the link between Xerox’s financial strategy and its operational execution.
CEO Bandrowczak underscored the value of Mr. Butler’s experience: “Chuck is a trusted leader with deep expertise and a strong record of driving operational excellence within the technology and services sectors. As we continue executing Reinvention, Chuck’s comprehensive experience leading large-scale organizational change, combined with his proven focus on empowering teams and fostering a culture of high performance, will be invaluable in advancing our next phase of growth and operational performance.”
Mr. Butler’s leadership style and deep understanding of the industry are expected to be critical assets as Xerox seeks to accelerate its transition from a traditional printing company to a technology services powerhouse. His integration of the Global Business Services role into his CFO responsibilities is a clear signal of Xerox’s strategy to break down traditional silos and achieve a more streamlined, financially disciplined operational model.
Leveraging Experience from a Key Acquisition
A pivotal aspect of Mr. Butler’s background that makes him uniquely qualified for this role is his recent history with Lexmark. Prior to joining Xerox, Mr. Butler served as Senior Vice President and Chief Financial Officer at Lexmark, a period during which he was instrumental in helping guide the company through its strategic acquisition by Xerox in July 2025.
This recent experience provides Mr. Butler with invaluable, first-hand knowledge of the financial and operational intricacies involved in integrating a major industry player into the Xerox ecosystem. His successful navigation of the post-acquisition environment at Lexmark provides a strong foundation for managing Xerox’s complex global finances and supporting the ongoing integration of new technologies and business lines. His expertise covers areas vital to a modern CFO, including:
- Financial Planning and Analysis (FP&A) across global markets.
- Mergers and Acquisitions (M&A) financial due diligence and integration.
- Operational Streamlining and cost-management initiatives.
- Investor Relations, ensuring transparent and valuable communication with shareholders.
Alignment with the Reinvention Strategy
The appointment directly reinforces the company’s continued focus on strengthening its leadership team and driving superior operational performance, all under the banner of its “Reinvention” strategy. This multi-year transformation is focused on five key pillars:
- Optimizing Core Print Business: Maintaining profitability and efficiency in the foundational print segment.
- Scaling IT Services: Rapidly growing the managed IT services and digital transformation portfolio.
- Driving Portfolio Innovation: Investing in and commercializing new software and service offerings.
- Operational Excellence: Implementing best practices across all functions to reduce complexity and cost.
- Strengthening Financial Health: Focusing on cash flow generation, capital allocation, and balance sheet strength.
Mr. Butler’s mandate, reporting directly to CEO Bandrowczak, will be to serve as the critical financial architect for this strategy, ensuring that capital is allocated effectively to areas that generate the highest returns and that the company’s financial structure supports aggressive growth targets. His reporting structure underscores the direct partnership required between the CEO and the CFO to execute large-scale organizational change successfully.
The CFO’s role in this strategic shift involves more than just managing the ledger; it requires a deep, hands-on involvement in:
- Strategic Resource Deployment: Ensuring that investment is channeled into high-growth areas like IT services and digital workflow automation.
- Risk Management: Navigating the financial and regulatory challenges of operating a global technology company.
- Value Creation: Directly impacting the company’s ability to deliver long-term value for a broad base of stakeholders, including clients, employees, and, critically, shareholders.
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