Feb 3, 2021 Xerox Holdings is branching out and has set up three new businesses – Software, Financing and Innovation – aimed at delivering long-term growth in 2021 and beyond. The company has announced organisational changes to support the new businesses. “We are focused on increasing the breadth of our offerings to better reach new and existing clients and drive organic growth,” says Xerox vice-chairman and CEO John Visentin. “Our plan to stand up three separate businesses by 2022 will provide greater focus, flexibility, and visibility as we position Xerox for the future.” Nicole Torraco has been promoted to senior vice-president of Xerox Financial Services (XFS), to lead Xerox’s financing business, reporting directly to Visentin.