Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Pitney Bowes Names Marc Lautenbach President, CEO - Quick Facts

RELATED NEWS
Trade PBI now with 

Pitney Bowes Inc. (PBI: Quote) 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.

Register
To receive FREE breaking news email alerts for Pitney-Bowes and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks moved sharply lower over the course of the trading day on Wednesday, adding to the modest weakness seen in the two previous sessions. With the losses on the day, the major averages fell to their lowest closing levels in over a month. Democrats have climbed into the lead on a generic ballot, according to the results of a new CNN/ORC International poll, although the results may not be as positive for the party as they first appear. With spending on private and public construction both showing notable decreases, the Commerce Department released a report on Wednesday showing an unexpected drop in U.S. construction spending in the month of August.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.