Lexmark International, Inc. has announced that David Reeder, Lexmark president and chief executive officer, has resigned for personal reasons, effective immediately. A search for a successor is underway, according to a Lexmark press release. In the interim, Lexmark will be 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.
Reeder began his tenure at Lexmark as chief financial officer in January 2015. He was named president and chief executive officer in November 2016. This change of leadership at Lexmark will not impact the impending sale of Lexmark Enterprise Software.
Welcome to imaging technology world where unexpected announcements like this have become commonplace. That holds doubly true for Lexmark where it seems that nothing happening within that organization brings the element of surprise any more. I won’t deny that lately I’ve heard more than one colleague question Lexmark’s longevity in the market despite the commitment of its new owners. New ownership often has a positive impact, at least in the short term. We’re now seeing with Lexmark and Sharp, that’s not always the case no matter how positive the spin from within the organization. In the meantime, we’ll avoid any undue speculation regarding the reason for Reeder’s departure and wish him the best in light of what must be a difficult situation.
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