CFOs on the Move: Week Ending July 14
Twitter, J.C. Penney, State Street, Avery Dennison, Lexmark, AAR, Alexander & Baldwin, Marin Software, ITC Holdings
Lexmark Cuts Jobs, Explores Alternatives
Some positions are being moved to low-cost countries and Lexmark expects to generate about $67 million in savings in 2016 and more in subsequent years.
Finance Chief Tells Why Lexmark Bought Kofax
Although Lexmark took a routine look at an inversion, boosting operating margins was much more important, the acquirer's CFO says.