Lexmark appoints new President and CEO
October 24, 2017
Lexmark revealed that it was appointing Richard (Rich) Geruson to the role of Lexmark president and Chief Executive Officer.
The company’s Board of Directors unanimously selected Geruson to take the helm of Lexmark, effective from 23 October 2017. Geruson will also take his place on the Board of Directors.
Geruson is succeeding David Reeder, who departed in June. He was chosen after an “extensive search” during which a number of high-profile candidates were considered for the role. During the interim period between Reeder’s departure and Geruson’s appointment, leadership of Lexmark was taken over by Brock Saladin, Senior Vice President and Chief Revenue Officer, and Allen Waugerman, Senior Vice President and Chief Technology Officer.
They will “remain key members of the Lexmark executive leadership team in their current roles” and will be reporting to Geruson.
Geruson has previously held a number of important industry positions, serving as CEO of Voice Signal, holding Senior Vice President and Vice President roles at the likes of Nokia and Toshiba, and serving for the past six years as CEO and President of Phoenix Technologies. In addition, he was a member of the research faculty at Harvard Business School, has served on various boards of both public and private companies, and has completed three graduate programs from the University of Oxford.
“We are pleased to welcome Rich to Lexmark,” said Mickey Kantor, chairman, Lexmark Board of Directors. “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.”
“Lexmark is a company with a long-standing reputation for excellence, from best-in-class products and solutions to a remarkable customer retention rate,” said Geruson. “I am proud to lead the team as we embark on our next stage of global growth.”
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