PRESS & MEDIA RESOURCES

Steve Bandrowczak

Former CEO of Xerox

Steve Bandrowczak is a global business leader with more than 35 years of experience leading complex enterprise transformations. As former CEO of Xerox, he brings firsthand expertise in operational reinvention, artificial intelligence, mergers and acquisitions, and leadership at scale.

Steve Bandrowczak professional portrait

Executive Biographies

Steve Bandrowczak is the former CEO of Xerox and one of corporate America's most experienced turnaround and transformation leaders. Across 35 years as a CEO, COO, and CIO at Xerox, Lenovo, DHL, Hewlett-Packard, Nortel, and Avnet, he has executed 68 M&A transactions, led teams of up to 60,000 employees, and run operations in 220 countries. As Xerox CEO, he ended activist investor Carl Icahn's stake with a $542 million buyback and authored X.Assist, the company's agentic AI operating model, which drove roughly $250 million in savings. A former construction worker who earned his degree at night, Steve now serves on the board of Galaxy Digital (Nasdaq: GLXY), advises enterprise leaders on adopting and scaling AI, and lectures on digital disruption and transformation at Northeastern University.

Short Biography

Steve Bandrowczak has spent 35 years doing the hardest jobs in corporate America: taking apart global companies, putting them back together, and making them run. As CEO of Xerox from 2022 to 2026, he led an $8 billion enterprise with roughly 25,000 employees in more than 160 countries through a high-stakes reinvention.

Steve stepped into the top job following the sudden death of his predecessor, John Visentin. He inherited a company still recovering from a pandemic that had erased roughly $2 billion from its top line, with billionaire activist Carl Icahn as its largest shareholder. In 2023, he engineered a $542 million share buyback that ended Icahn's involvement and returned Xerox to independent board control. He then funded the company's transformation through creative capital moves and its two largest reinvention deals: the acquisitions of ITsavvy ($400 million) and Lexmark ($1.5 billion). He also authored X.Assist, Xerox's agentic AI operating model, in which people set direction and AI agents execute defined roles. The model and the AI Center of Excellence behind it delivered roughly $250 million in operating savings.

Before becoming CEO, Steve served as Xerox's President and COO, a period in which the company returned more than $4 billion to shareholders. His earlier career reads like a tour of the defining corporate deals of the past three decades. At Avnet, he integrated roughly 40 acquisitions over 14 years as the company grew from $2.5 billion to $16 billion. At Lenovo, he helped integrate IBM's roughly $11 billion PC division with its Chinese parent in about 24 months, one of the few deals to put a China-based company on the global stage. At DHL, he consolidated more than 200 data centers into three global hubs, delivering $2.5 billion in annual IT savings. He ran Nortel's Americas business through bankruptcy and the 2008 financial crisis, played a key role in Hewlett-Packard's historic corporate separation, and carved Alight Solutions out of Aon for a sale to Blackstone that the firm named a deal of the year. In all, he has executed 68 M&A transactions, and 26 of his former direct reports have gone on to C-suite roles.

None of it was handed to him. Steve grew up in New York, was on his own at 16, and worked heavy construction from 17 to 21 before entering a technology operations training program at Grumman Data Systems. He earned his computer science degree from Long Island University by attending school at night, and later earned a master's degree in technology management from Columbia University.

Today, Steve serves as an independent director and Audit Committee member at Galaxy Digital (Nasdaq: GLXY), a global leader in digital assets and AI data center infrastructure. He advises enterprise leaders on adopting and scaling AI as Senior Advisor in Sol Consulting's AI Acceleration practice and lectures on digital disruption and transformation at Northeastern University. He has been married to his high school sweetheart for 47 years, and they have one grown daughter.

Long Biography

Career Highlights

35+ Years

Executive leadership across Xerox, Lenovo, DHL, Hewlett-Packard, Nortel, and Avnet.


$8 Billion

Led Xerox through a major enterprise reinvention from 2022 to 2026.


68 Transactions

Experience executing mergers, acquisitions, spin-outs, and consolidations.


$542 Million

Share buyback that ended Carl Icahn's involvement in Xerox.


$250 Million

Approximate operating savings associated with Xerox's AI-driven transformation.


60,000 Employees


Experience leading global teams and operations spanning 220 countries.

Speaking Topics

Close-up of a computer processor with a stylized AI logo mounted on a densely populated circuit board

AI-Driven Transformation

How CEOs and boards can move beyond AI experimentation to fundamentally redesign operations, improve productivity, and deliver measurable enterprise value.

Aerial view of a busy container port with stacked shipping containers, cargo cranes, a container ship, and a marina.

The Digital Supply Chain

Why control of digital infrastructure and interconnected supply chains is becoming a defining issue for business resilience, national competitiveness, and economic security.

Blue-lit data center server racks with glowing green status lights

Data Centers & AI Infrastructure

The strategic challenges of scaling AI infrastructure, managing investment, and building the operational foundations required for the next generation of enterprise technology.

Media & Featured Appearances

FEATURED APPEARANCE | 2026

Why enterprise AI strategy must be led from the top—and what it takes to translate emerging technology into operational results.

INTERVIEW | NOVEMBER 9, 2026

AI Adoption Isn’t the Goal. Business Results Are. ↗

CBT News — Steve discusses the role of AI agents in the workforce, why transformation must produce measurable business results, and the responsibility of leaders to guide organizational change.

PODCAST | AUGUST 4, 2026

Inside the Mind of a Former XEROX CEO ↗

Parallel Entrepreneur — Steve discusses organizational reinvention, AI strategy, mergers, and the responsibility of CEOs to develop future leaders.

PODCAST | JULY 7, 2026

The Leadership Skills AI Can’t Replace ↗

Power & Impact — A discussion of how adaptability, curiosity, and people-centered leadership help organizations navigate AI-driven change.

ARTICLE & VIDEO | JUNE 11, 2025

Xerox’s CEO Takes the Long View on Reinvention ↗

Fortune — Steve discusses the challenges of transforming a legacy enterprise, balancing immediate business priorities with long-term reinvention, and leading through technological change.

BLOOMBERG | JANUARY 29, 2025

Xerox CEO on Business Reinvention ↗

Bloomberg Businessweek — Steve discusses Xerox's acquisition strategy, business transformation, and plans for future growth.

FOX BUSINESS | JANUARY 26, 2023

AI and Augmented Reality Transform Customer Service ↗

Fox News, The Claman Countdown — Steve discusses how Xerox is using artificial intelligence and augmented reality to modernize customer service and improve operational efficiency.

Approved high-resolution photographs of Steve Bandrowczak are available for use in media coverage, interviews, speaking engagements, and event materials.

Executive Headshots

Steve Bandrowczak professional portrait
Steve Bandrowczak professional portrait
Steve Bandrowczak professional portrait

Media Inquires & Booking Engagements

For interviews, media commentary, speaking engagements, and other professional inquiries, please reach out through the contact page.