Lexmark has announced that its board of directors has selected Richard (Rich) Geruson as Lexmark President and Chief Executive Officer, effective today (24th October 2017). Rich will also serve on the Lexmark board of directors.

An experienced technology leader, Rich spent the last six years as Chief Executive Officer and President of Phoenix Technologies, the 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. He also held senior vice president and vice president positions at Nokia, IBM and Toshiba, and was an executive at McKinsey & Company.

Rich was selected after an extensive search in which numerous highly qualified candidates were considered. He succeeds David Reeder, who left the company 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. Brock and Allen will remain key members of the Lexmark executive leadership team in their current roles, reporting to Rich.

Mickey Kantor, Chairman, Lexmark Board of Directors said, “we are pleased to welcome Rich to Lexmark. 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.”

Rich added, “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.”