Lexmark has announced 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, the premier 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 was selected after an extensive search in which numerous highly qualified candidates were considered, according to a Lexmark press release. 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. Saladin and Waugerman will remain key members of the Lexmark executive leadership team in their current roles, reporting to Geruson.
Interesting move in that Lexmark went outside of the company to fill this position after the abrupt departure of David Reeder four months ago less than a year after being named president & CEO, and less than a year after the company was acquired. We’ll withhold any speculation as to how Geruson’s appointment will work out in the long term other than to note that a fresh perspective from outside of the company could be a huge plus for Lexmark, a company still highly regarded in the independent dealer channel.
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