Pitney Bowes Announces Leadership Transition and New Initiatives to Accelerate Value Creation
The Board believes that Mr. Rosenzweig is best positioned to accelerate the Company’s transformation and drive enhanced value for shareholders as interim CEO.
- The Board believes that Mr. Rosenzweig is best positioned to accelerate the Company’s transformation and drive enhanced value for shareholders as interim CEO.
- These decisions follow the reconstituted Board’s assessment of ways to expedite Pitney Bowes’ transformation into a more streamlined enterprise focused on its core, cash-generating segments.
- Balance Sheet Deleveraging – Pitney Bowes is taking required actions to capitalize on the benefits linked to the three aforementioned initiatives.
- In connection with these initiatives, Pitney Bowes has retained two nationally recognized consulting firms with financial and operational expertise.