Lexmark Executives Named to Key Roles; Kim Kleps Appointed Chief People Officer
NORWALK, Conn., May 14, 2025--(BUSINESS WIRE)--As part of Xerox Holdings Corporation’s (NASDAQ: XRX) acquisition of Lexmark International, Inc., the company announced today that two distinguished 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.
These leaders bring deep industry expertise to Xerox. They will play a critical role in shaping the future combined company as it integrates Lexmark’s renowned imaging solutions and technologies into its portfolio. The incoming Executive Committee members are:
Billy Spears, Chief Product Development & Delivery Officer
"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."
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.
"Our expanding leadership team underscores our shared commitment to delivering unparalleled technology solutions worldwide," Bandrowczak 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."
About Xerox Holdings Corporation (NASDAQ: XRX)
For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and production print technology, we are a services-led, software-enabled organization that sustainably powers the hybrid workplace of today and tomorrow. Our comprehensive suite of services and solutions, including advanced AI-driven technologies, helps businesses navigate digital transformation, optimize workflows and achieve operational excellence. Today, Xerox is continuing its legacy of innovation to deliver client-centric and digitally driven technology solutions and meet the needs of today’s global, distributed workforce. Whether in an office, a classroom, or a hospital, we empower our clients to thrive in an ever-changing business landscape.
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