Pitney Bowes (PBI) Appoints New President and CEO
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Price: $16.38 +0.12%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.8%
Revenue Growth %: -1.6%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.8%
Revenue Growth %: -1.6%
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Pitney Bowes Inc. (NYSE: PBI) has appointed Marc B. Lautenbach as President and Chief Executive Officer, effective immediately. Mr. Lautenbach joins Pitney Bowes with nearly 30 years of experience in the technology and business services industry, having served in senior leadership positions at IBM (NYSE: IBM).
Mr. Lautenbach succeeds Murray D. Martin, who is retiring as the company’s Chairman, President and Chief Executive Officer and has resigned from the company’s board of directors. Mr. Martin will continue to work with Mr. Lautenbach on an effective transition.
The Pitney Bowes Board also announced today that Michael I. Roth, currently Lead Independent Director, has been appointed Non-Executive Chairman of the Board, effective immediately. Mr. Lautenbach has also been appointed to the company’s Board, effective immediately. With these changes, the Pitney Bowes Board of Directors includes 13 individuals, 12 of whom are independent.
Mr. Lautenbach succeeds Murray D. Martin, who is retiring as the company’s Chairman, President and Chief Executive Officer and has resigned from the company’s board of directors. Mr. Martin will continue to work with Mr. Lautenbach on an effective transition.
The Pitney Bowes Board also announced today that Michael I. Roth, currently Lead Independent Director, has been appointed Non-Executive Chairman of the Board, effective immediately. Mr. Lautenbach has also been appointed to the company’s Board, effective immediately. With these changes, the Pitney Bowes Board of Directors includes 13 individuals, 12 of whom are independent.
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