As part of Xerox Holdings Corporation’s acquisition of Lexmark International, Inc., Xerox is bringing two Lexmark executives in to join its executive committee at the close of the acquisition. In addition to the two 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 and delivery officer, and Chuck Butler, chief business services officer. They will both play a critical role in shaping the future combined company as it integrates Lexmark’s imaging solutions and technologies into its portfolio.
“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 organisation and redefine what’s possible across print, digital and IT services.”
The acquisition, valued at $1.5billion, is expected to close in the third quarter of 2025, subject to regulatory approvals and customary closing conditions. The newly integrated organisation is positioned to serve over 200,000 clients in more than 170 countries, offering best-in-class print, digital and IT services.
“Our expanding leadership team underscores our shared commitment to delivering unparalleled technology solutions worldwide,” Steve added. “Together, we are creating a powerful synergy to drive operational efficiencies and unlock new opportunities for our clients and partners as we return Xerox to growth.”
