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Lexmark adds executive to drive growth beyond imaging

Lexmark has hired Tom Cavanagh in the newly created role of Senior Vice President, New Business Development. He will serve on the Lexmark executive team, reporting directly to President and CEO Allen Waugerman, and is charged with building and leading a global new business development division responsible for leveraging growth opportunities for Lexmark beyond its core imaging business.

This new division will broaden Lexmark’s paths to market, focusing on sales channels not traditionally used in imaging. Cavanagh will leverage the cross-functional expertise of the imaging business and evaluate potential joint ventures and acquisition opportunities.

Cavanagh comes to Lexmark from Eastman Kodak Company, where he served as Vice President and Chief Customer Officer in the intellectual property solutions division, focused on advanced materials and 3D printing.