Pitney Bowes shares are trading higher after the company announced Marc Lautenbach has stepped down as President, CEO and as a member of the Board and Jason Dies has been appointed interim CEO.
Portfolio Pulse from Benzinga Newsdesk
Pitney Bowes announced that Marc Lautenbach has stepped down as President, CEO and as a member of the Board. Jason Dies has been appointed as the interim CEO. Following the news, Pitney Bowes shares are trading higher.
October 02, 2023 | 6:08 pm
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Pitney Bowes shares are trading higher after the company announced a change in leadership. Marc Lautenbach has stepped down as CEO and Jason Dies has been appointed as interim CEO.
Leadership changes can have a significant impact on a company's stock price. In this case, the market has reacted positively to the news of Marc Lautenbach stepping down and Jason Dies being appointed as interim CEO, leading to a rise in Pitney Bowes' share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100