Xerox Confirms Management Details on Acquisition of Lexmark

Xerox Confirms Management Details on Acquisition of Lexmark

As part of Xerox Holdings Corporation’s acquisition of Lexmark International, Inc., the company announced that two Lexmark executives will join its Executive Committee at the close of the acquisition. Further strengthening the Xerox leadership team, Kim Kleps will serve as Xerox Chief People Officer, effective immediately. 

The incoming Executive Committee members are:  

• Billy Spears, Chief Product Development & Delivery Officer
• Chuck Butler, Chief Business Services Officer 

The acquisition, valued at $1.5 billion, is expected to close in the third quarter of 2025, subject to regulatory approvals and customary closing conditions. By combining Lexmark’s industry-leading innovations with Xerox’s robust portfolio, the newly integrated organization is positioned to serve over 200,000 clients in more than 170 countries, offering best-in-class print, digital, and IT services.  

“Welcoming these outstanding Lexmark leaders and naming Kim as Chief People Officer marks an exciting step forward for Xerox,” said Steve Bandrowczak, chief executive officer at Xerox. “Their collective insight, experience, strategic vision, and commitment to innovation will be instrumental as we come together to build a stronger, more dynamic organization and redefine what’s possible across print, digital, and IT services.”  

Related:

• Xerox Provides Updates on Q1 Results and Tariff Impact
• Xerox to Acquire Lexmark from Ninestar
• Xerox Toner Faces More than Rumor Challenges
• Xerox Sued for Misleading Investors Amid Financial Decline
• Ninestar Records Robust Profit Improvement in Q3 2024

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