logo
Share SHARE
FONT-SIZE Plus   Neg

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

Quick Facts

Editors Pick
Bank of Nova Scotia or otherwise known as Scotiabank, Friday reported lower net profit for the third quarter, in the absence of a year-ago gain. Earnings per share, however, came in line with the Street view. Further, the company said it raised its quarterly dividend by 2 cents. Non-traditional discount and variety stores operator Big Lots Inc. (BIG) Friday reported a decline in net profit for the second quarter, while net sales grew 1.2 percent from the prior year. Comparable sales for the quarter increased 2.8 percent. Google has rejected the European Union's charges that it abused its market power and the demanded that it change the way it ranks online comparison shopping services in its search results, setting up a potentially long legal battle with the EU regulator empowered to levy billions of euros in fines
comments powered by Disqus
RELATED NEWS
Trade PBI now with 
Follow RTT