Pitney Bowes Announces Leadership Transition; Jason Dies Appointed Interim CEO; Marc Lautenbach Has Stepped Down As President, CEO And Board Member; Co Forms Committee In Search For A Permanent Successor And Support Other Value-Enhancing Initiatives
Portfolio Pulse from Benzinga Newsdesk
Pitney Bowes Inc. (NYSE:PBI) has announced a leadership transition with Jason Dies appointed as interim CEO, following the stepping down of Marc Lautenbach as President, CEO and Board Member. The company has formed a committee to search for a permanent successor and support other value-enhancing initiatives. Dies, who joined Pitney Bowes in 2015, has held roles of increasing responsibility and has led a number of strategic initiatives, including a successful transformation of the Company's Sending Technology Solutions segment.
October 02, 2023 | 12:11 pm
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Pitney Bowes Inc. (NYSE:PBI) has announced a leadership transition with Jason Dies appointed as interim CEO. The company is now searching for a permanent successor. This could lead to short-term uncertainty but also potential long-term strategic shifts.
Leadership changes can often lead to short-term uncertainty as investors wait to see the strategic direction the new leadership will take. However, given Dies' experience within the company and his role in leading strategic initiatives, this could also signal potential long-term strategic shifts that could impact the company's performance.
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