Pitney Bowes Appoints Lance Rosenzweig To Succeed Jason Dies As Interim CEO

RTTNews | Před 456 dny
Pitney Bowes Appoints Lance Rosenzweig To Succeed Jason Dies As Interim CEO

(RTTNews) - Shipping and mailing company Pitney Bowes Inc. (PBI) announced Wednesday the appointment of Lance Rosenzweig as the Company's interim Chief Executive Officer, effective immediately. Rosenzweig will continue to serve as a member of the Board of Directors.

In connection the appointment, Jason Dies has stepped down from the role of interim CEO and retired from the Company following years of valued service in various executive roles.

The Board believes that Rosenzweig is best positioned to accelerate the Company's transformation and drive enhanced value for shareholders as interim CEO. A new process for appointing its next permanent CEO is commencing following the recent reconstitution of the Board.

In addition, the Bard has converted its Finance Committee into a Value Enhancement Committee, which is tasked with overseeing financial, operational and strategic initiatives. Pitney Bowes has retained two nationally recognized consulting firms with financial and operational expertise.

Initial analysis has identified an additional $60 million to $100 million in potential annualized savings across the organization, apart from the Global Ecommerce (GEC) business. Pitney Bowes is working to reduce its go-forward required cash needs by approximately $200 million.

These decisions follow the reconstituted Board's assessment of ways to expedite Pitney Bowes' transformation into a more streamlined enterprise focused on its core, cash-generating segments.

Značky : PBI
read more
Hestia Capital Nominates Seven Candidates For Election To Pitney Bowes' Board

Hestia Capital Nominates Seven Candidates For Election To Pitney Bowes' Board

Hestia Capital Management, LLC, which is the third largest stockholder of Pitney Bowes, Inc. (PBI) and has a beneficial ownership position of approximately 7.2% of the Company's outstanding shares, announced Monday that it has nominated seven highly qualified and independent candidates for election to the Company's nine-member Board of Directors at the Company's 2023 Annual Meeting of Stockholders.
RTTNews | Před 941 dny
Sensex, Nifty Edge Lower; IT Stocks Drag On Trade Worries

Sensex, Nifty Edge Lower; IT Stocks Drag On Trade Worries

Indian shares opened on a weak note on Friday after a Trump administration official called India the 'Maharaja' of tariffs and ramped up his criticism over the trade ahead of an expected tariff increase on August 27.
RTTNews | Před 13 minutami
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Friday.
RTTNews | Před 23 minutami
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Friday, giving up some of the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 9,000 mark, with weakness in technology and financial stocks partially offset by gains in mining and energy stocks.
RTTNews | Před 1 h 23 min
Asian Markets Mostly Higher

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Friday, despite the broadly negative cues from Wall Street overnight, as traders remain cautious amid lingering uncertainty about the outlook for interest rates ahead of US Fed Chair Jerome Powell's highly anticipated speech at the Jackson Hole Economic Symposium later in the day. Asian markets ended mixed on Thursday.
RTTNews | Před 1 h 47 min
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares may open on a sluggish note on Friday following six consecutive sessions of gains on optimism about S&P's rating upgrade for India, improving Sino-India relations and the Centre's plan to rationalize Goods and Services Tax (GST).
RTTNews | Před 2 h 13 min
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese market is slightly higher on Friday, snapping a three-session losing streak, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving above the 42,650 level, with gains across all sectors led by automakers and financial stocks as domestic inflation data beat expectations.
RTTNews | Před 2 h 41 min
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, recouping some of the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 9,000 mark, with weakness in technology and financial stocks partially offset by gains in mining and energy stocks.
RTTNews | Před 3 h 4 min