Lexmark appoints new CEO

Lexmark has announced a new CEO with immediate effect. Taking up the hotseat, Richard Geruson will also serve as company president and will be on the Lexmark board of directors.

An experienced technology leader, Geruson has spent the last six years as chief executive officer and president of Phoenix Technologies, the premier provider of firmware and optimisation software for PCs, tablets and embedded Internet of Things devices. Prior to that, he was chief executive officer of Voice Signal, the pioneer of voice recognition software for mobile phones. He also held senior vice president and vice president positions at Nokia, IBM and Toshiba, and was an executive at McKinsey & Company.

He succeeds David Reeder, who left the company in June. Chairman at Lexmark, Mickey Kantor said: “We are pleased to welcome Rich to Lexmark,” he said. “His track record of growing established technology businesses while ensuring profitability makes him an ideal choice to lead Lexmark to its next level of success.”

Geruson is equally excited to join the company. He said: “Lexmark is a company with a long-standing reputation for excellence, from best-in-class products and solutions to a remarkable customer retention rate. I am proud to lead the team as we embark on our next stage of global growth.”

In addition to a bachelor’s degree in economics from La Salle University, Geruson has completed three graduate programs from the University of Oxford including a master’s degree, and a doctorate in economics. He was a member of the research faculty at Harvard Business School where he completed the book, “A Theory of Market Strategy,” and has served on numerous boards of public and private companies across three continents.

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