Pitney Bowes Says New Process Is Commencing, As Process Run By Prior Board Did Not Result In Appointing Its Next Permanent CEO
Portfolio Pulse from Benzinga Newsdesk
Pitney Bowes announced that a new process is commencing to appoint its next permanent CEO, as the previous process run by the prior board did not result in a successful appointment.
May 22, 2024 | 11:06 am
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Pitney Bowes is initiating a new process to appoint its next permanent CEO, following an unsuccessful attempt by the prior board.
The announcement of a new CEO search process indicates ongoing leadership instability, which could create uncertainty among investors. However, the impact on the stock price in the short term is likely neutral as the market may have already priced in the leadership transition.
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