News Releases

Media Contact : Mark Yost

The board of directors of Lexmark International, Inc. (NYSE: LXK) today named Richard A. Pelini 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 program, and negotiated and implemented securitized receivables programs in the U.S. 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.

About Lexmark
Lexmark International, Inc. is a leading developer, manufacturer and supplier of printing solutions -- including laser and inkjet printers, multifunction products, associated supplies and services -- for offices and homes in more than 150 countries. Founded in 1991, Lexmark reported approximately $4.4 billion in revenue in 2002, and can be found on the Internet at www.lexmark.com.

Lexmark and Lexmark with the diamond design are trademarks of Lexmark International, Inc., registered in the U.S. and/or other countries. All other trademarks are the property of their respective holders.