Lexmark Appoints New President and CEO

Rich Geruson, Lexmark president and chief executive officer

Richard (Rich) Geruson

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.”

More Resources

Advertisements
%d bloggers like this: