Lexmark Appoints New President and CEO
Lexmark International today reported that its board of directors has unanimously selected Richard (Rich) Geruson as Lexmark president and chief executive officer, effective today. Geruson will also serve on the Lexmark board of directors.
Geruson spent the last six years as chief executive officer and president of Phoenix Technologies, a provider of firmware and optimization 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.
Geruson succeeds David Reeder, who left Lexmark in June. In the interim, Lexmark was led by a management team consisting of Brock Saladin, senior vice president and chief revenue officer, and Allen Waugerman, senior vice president and chief technology officer. Saladin and Waugerman will remain key members of the Lexmark executive leadership team in their current roles, reporting to Geruson.
“We are pleased to welcome Rich to Lexmark,” said Mickey Kantor, chairman of the 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.”
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.
“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.”
- June 2017: Lexmark CEO Reeder Resigns Citing ‘Personal Reasons’
- June 2017: Ninestar Said to be Selling Lexmark’s Kofax Division
- May 2017: Supreme Court Rules in Impression Products v. Lexmark: No Patent Rights After Domestic and Foreign Sales
- May 2017: Private-Equity Firm, Hyland Software to Acquire Lexmark’s Software Business
- February 2017: Ninestar Discusses Lexmark Acquisition; Aims to be ‘One Stop Provider’ for Printer Industry
- January 2017: Lexmark to Lay Off 10 Percent of Software Group Employees
- December 2016: Apex Technology Says Lexmark Acquisition Will Help it Create Global Printer Empire
- November 2016: It’s Official: Lexmark Acquired by Apex and Investors; Reeder Named CEO