Lexmark International today announced that its board of directors had named Richard A Pelini as vice-president and treasurer, effective immediately. He will report to Gary Morin, executive vice-president and CFO.
Pelini was employed at Lexmark from 1991 to 1998 as assistant treasurer. During that time, he established a debt- and risk-management structure for the company, managed its foreign currency-hedging programme, and negotiated and implemented securitised receivables programmes in the US and Germany.
"Lexmark is very pleased to welcome Rick back to the company," said Morin. "His solid understanding of finance and economic markets is a perfect fit for a global company like Lexmark in these increasingly competitive times."
In 1998, Pelini joined Cincinnati-based Convergys Corp, where he held the positions of assistant treasurer and vice-president/treasurer, before his most recent role as senior vice-president of finance for an operating subsidiary of the global software and services company.
Pelini holds a bachelor`s degree in industrial engineering and an MBA, both from the University of Pittsburgh. He will relocate to Lexington with his wife, Kim, and their three children.
For further information, please contact Cathy Steyn at telephone (011) 329 0999; fax (011) 792 7449; e-mail cathryn.steyn@lexmark.co.za
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Lexmark International, Inc is a leading developer, manufacturer and supplier of printing solutions - including laser and inkjet printers, associated supplies and services - for offices and homes in more than 150 countries. Founded in 1991, Lexmark reported more than $4.4 billion of revenue in 2002, and can be found on the Internet at www.lexmark.com.
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