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Lexmark Names Finance Chief

John Gamble joins the printer giant from Agere.
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named John Gamble Jr. finance chief, replacing Gary Morin, who will retire.

The change is effective Sept. 6. Gamble, 42, joins Lexmark from

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, where he was chief financial officer.

"I am very pleased to welcome John to Lexmark," said CEO Paul J. Curlander. "I'd also like to thank Gary Morin for his many contributions over the last 10 years. His hard work and leadership have been important factors in Lexmark's growth and success. We wish him and his family all the best in the years ahead."

On Tuesday, Lexmark shares dropped 51 cents to $62.70.