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Two Lexmark executives have been announced in executive roles at Xerox, after the company purchased Lexmark in December 2024

Xerox has announced that two Lexmark executives will join its executive committee, as part of its acquisition of the company.
Xerox purchased US print manufacturer Lexmark in December of 2024, in a deal valued at $1.5bn (£1.2bn), inclusive of assumed liabilities.
As part of the integration of the companies, Billy Spears will become chief product development and delivery officer, having previously worked as Lexmark's senior vice president and chief product delivery officer.
Chuck Butler, who was senior vice president and chief financial officer for Lexmark, will become chief business services officer for Xerox.
Alongside the appointments from Lexmark, Kim Kleps has been announced as Xerox’s new chief people office, having previously worked for the company as senior vice president of people, talent, culture, and diversity.
Steve Bandrowczak, chief executive officer at Xerox, says: "Welcoming these outstanding Lexmark leaders and naming Kim as chief people officer marks an exciting step forward for 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 of Lexmark by Xerox is expected to close in the third quarter of 2025, subject to regulatory approvals and customary closing conditions. The newly integrated organisation is due to serve over 200,000 clients in more than 170 countries.