Lexmark names new president and CEO

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LEXINGTON, Ky. (WKYT) - Lexmark's board of directors chose Richard (Rich) Geruson to serve as the company's president and chief executive officer.

"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."

According to Lexmark, Geruson spent the last six years as the chief executive officer and president of Phoenix Technologies.

"We are pleased to welcome Rich to Lexmark," said Mickey Kantor, chairman, 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."

Lexmark's former president and chief executive officer, David Reeder, left the company in June.

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