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Print OEM Xerox is nominating no fewer than seven new candidates to its board of directors. The company currently only has five board members, one of whom is CEO Steve Bandrowczak. He is to remain on the board, as is Chair Scott Letier and Nichelle Maynard-Elliott. Incumbent directors Phil Giordano and Margarita Palau-Hernandez are not
Konica Minolta has announced a global restructuring plan as it looks to generate sustainable growth. In what it called an “optimisation” of its headcount, the Japan-based firm will lay off around 2,400 employees in the current financial year (FY24) that began on 1 April 2024. This, it said, would result in a ¥20 billion ($200
Xerox has announced another go-to-market change in South America, this time in Peru and Ecuador. Following on from the recent transfer of operations in Argentina and Chile to Datco, Xerox’s business in Peru and Ecuador will now go through longstanding partner Productive Business Solutions (PBS). The transaction is expected to close in the second quarter
Industrial print manufacturer Roland DG has issued a statement in relation to the two offers to acquire the company. In February, its board approved an offer to take the company private in a management buyout backed by investment firm Taiyo Pacific Partners. However, a few weeks later Brother made an improved bid for Roland DG
European technology distributor ALSO has said a reluctance to buy and invest among both businesses and consumers impacted its results in 2023. The wholesaler said the geopolitical tensions in Europe were affecting customer spending, particularly in Germany and Poland, which are important markets for ALSO. Inflation, higher energy prices and interest rates were also factors.