Pitney Bowes Appoints Marc B. Lautenbach Its President and CEO; Murray D. Martin to Retire

STAMFORD, CT—Dec. 3, 2012—Pitney Bowes announced that its board of directors has appointed Marc B. Lautenbach as president and CEO, effective immediately. Lautenbach joins the company with nearly 30 years of experience in the technology and business services industry, having served in senior leadership positions at IBM.

He succeeds Murray D. Martin, who is retiring as the company’s chairman, president and CEO and has resigned from the company’s board of directors. Martin will work with Lautenbach on an effective transition.

The Pitney Bowes board also announced that Michael I. Roth, currently lead independent director, has been appointed non-executive chairman of the board, effective immediately.

At different stages of his 27-year career at IBM, Lautenbach oversaw the small- and medium-size (SMB) customer segment. In addition, as the executive responsible for sales in the Americas, he has had substantial experience in the enterprise and federal government segments.