Tonernews.com, April 14, 2026. USA
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Former Xerox CEO Steve Bandrowczak received a generous severance package following his departure from the company in 2026. The deal included $2.2 million in severance pay, which was distributed equally over a span of 24 months. In addition to this, Bandrowczak was awarded a cash bonus under Xerox’s Annual Bonus Plan (ABP), reflecting his contributions to the company. The package also ensured that he and his family would continue to receive healthcare benefits for the entire 24-month period, providing a financial cushion as he transitioned out of the role. This package is in line with typical executive severance arrangements, offering compensation and benefits that extend well beyond the end of employment.
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