Global imaging solutions giant Lexmark has named Allen Waugerman as its new president and CEO, following a unanimous decision from the firm's board of directors.
Waugerman has been an ever-present at Lexmark since its inception in 1991 and has served in a number of leadership roles - including leading the business on an interim basis during its search for a new CEO.
Chosen from the resulting pool of highly-qualified candidates, Waugerman replaces Rich Geruson, who left the business back in November 2018.
"We are pleased to appoint Allen as Lexmark president and CEO," said Mickey Kantor, chairman of the Lexmark board of directors. "He brings strong leadership, integrity, deep knowledge of technology and a track record of commitment to Lexmark's success, making him the right choice to lead the company toward continued global growth."
Waugerman holds a bachelor's degree in electrical engineering from the University of Kentucky and is a Dean's Advisory Council member for the university's College of Engineering. He also serves on the board of the YMCA of Central Kentucky.
"I am proud of Lexmark's recent accomplishments, including the largest product launch in our history and the development of new solutions and services such as cloud-based as-a-service offerings," Waugerman said.
"I look forward to leveraging our strengths and proprietary technologies toward broad global growth strategies that will position Lexmark for success well into the future."
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