Lexmark Announces Planned Transition of Chief Executive Officer
Lexmark has announced that its current chief executive officer (CEO) will retire in the spring of next year. Paul J. Curlander, who has been at the helm of the firm for the past 12 years, will be succeeded by Paul Rooke, who will also become president. Lexmark said the transition has been planned for some time.
Mr Curlander will still be involved with the company, however, as he was appointed executive chairman, effective from yesterday (October 26th). The 57-year-old joined the business in 1991 when Lexmark spun off from IBM. There he held a series of engineering and management roles.
"The board would like to express its sincere gratitude and appreciation to Paul for the many contributions he has made as CEO," said Jean-Paul L. Montupet, presiding director of Lexmark. "Under Paul’s leadership, Lexmark has established itself as a world leader in imaging products, solutions and services."
This week, the printer maker released its third quarter results, posting net earnings of $72 million (£45 million).
Posted by Canzil Ahmed.