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.

Most recently, Lautenbach served as managing partner of IBM North America Global Business Services. He 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 board is pleased to welcome Marc to Pitney Bowes as the company’s next President and CEO,” said Roth. “Marc is a successful leader and manager, with a proven track record within the technology and business services industry in the SMB and Enterprise segments, as well as in transforming businesses, both within IBM and for its customers.

“During his tenure at IBM, Marc developed a reputation for delivering consistent results while assisting companies to reach their full potential,” he continued. “This experience is of critical importance to Pitney Bowes at this important time of change for our company and our industry.”

Roth continued, “On behalf of the board, I want to thank Murray for his dedication and many outstanding contributions in his 26 years with the company. Under his leadership, Murray has overseen numerous acquisitions, many major technological innovations and strategic initiatives to streamline the business and focus on high growth opportunities. The board appreciates his ongoing support and we wish Murray the best in his retirement.”

Martin commented, “I am proud to have been a part of Pitney Bowes’ growth and evolution since joining the company in 1987. I believe Marc has the right background and experience to lead Pitney Bowes forward, and to execute on the initiatives necessary to drive future growth and value creation for shareholders.”

Lautenbach stated, “It is an honor to lead Pitney Bowes, a company with a long and proud history. I view this as a time of great opportunity to build an even stronger future for the company with its valuable portfolio of innovative products and solutions, strong customer relationships and a team of deeply talented and devoted employees around the world.”

About Pitney Bowes
Pitney Bowes provides technology solutions for small, mid-size and large firms that help them connect with customers to build loyalty and grow revenue. The company’s solutions for financial services, healthcare, legal, nonprofit, public sector and retail organizations are delivered on open platforms to best organize, analyze and apply both public and proprietary data to two-way customer communications. Pitney Bowes is the only firm that includes direct mail, transactional mail, call centers and in-store technologies in its solution mix along with digital channels such as the Web, email, live chat and mobile applications. It is a $5.3 billion company with 29,000 employees worldwide.

Source: Pitney Bowes.