logo
Plus   Neg
Share
Email
Comment

Pitney Bowes Names Marc Lautenbach President, CEO - Quick Facts

Pitney Bowes Inc. (PBI) announced its Board has appointed Marc Lautenbach as President and Chief Executive Officer, effective immediately. Lautenbach succeeds Murray Martin, who is retiring as Chairman, President and Chief Executive Officer and has resigned from board. Martin will continue to work with Lautenbach on an effective transition.

The company also reiterated the guidance it provided on November 1, 2012, and anticipates 2012 guidance for: revenue, excluding the impacts of currency, to remain in a range of flat to a decline of 4 percent when compared to 2011;
adjusted earnings per share from continuing operations to be in the range of $1.95 to $2.15; and GAAP earnings per share from continuing operations to be in the range of $1.78 to $2.08.

Lautenbach has also been appointed to the company's Board, effective immediately. Lautenbach joins the company from IBM. Most recently, Lautenbach served as Managing Partner of IBM North America Global Business Services. Lautenbach has served in various senior management positions of increasing responsibility, including General Manager, IBM North America; General Manager, IBM Global Small and Medium Business; and Vice President, IBM Asia-Pacific Small and Medium Business.

The Pitney Bowes Board also announced Michael Roth, currently Lead Independent Director, has been appointed Non-Executive Chairman of the Board, effective immediately.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Tech giants Amazon.com, YouTube and Twitter as well as Verizon Communications are exploring bids for digital streaming rights to the National Football League or NFL's Thursday Night Football package, according to media reports. The NFL is likely to strike a multi-year deal for the digital streaming rights. However, the television audience for the NFL has declined for two consecutive years. Wynn Resorts Ltd. said Friday that former Chief Executive Officer Steve Wynn is not entitled to any severance payment of other compensation from the company. Wynn resigned last week as CEO and Chairman of the board following allegations of sexual misconduct. In a regulatory filing, Wynn Resorts said it entered into a separation agreement between Steve Wynn, and Wynn Resorts Holdings LLC. Beverages giant Coca-Cola Company on Friday reported a net loss for the fourth quarter, reflecting a one-time charge related to the U.S. tax reform and a double-digit decline in revenues. However, adjusted earnings per share matched analysts' expectations, while revenues beat their estimates. The company's shares are rising more than 2 percent in pre-market activity.
comments powered by Disqus
Follow RTT