The following appears on smileypete.com
By M. David Nichols – Lexmark International, Lexington’s storied maker of printers and a key economic engine here for decades, placed two big bets in early 2015: It spent a record $1.1 billion to buy Kofax Ltd., a California-based software company, and it hired David Reeder as chief financial officer.
A couple years on, only one of these wagers is still in play.
“It’s a work in progress,” said Reeder, who recently sat down with Business Lexington for an exclusive interview, his first extensive remarks since being named CEO several months ago.
Reeder’s new role at Lexmark is perhaps the least shocking change for the company over the past year.