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

RTTNews | 457 दिनों पहले

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.

टैग: PBI

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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 | 942 दिनों पहले

CAC 40 Up Slightly In Lackluster Trade

CAC 40 Up Slightly In Lackluster Trade

French stocks are mostly subdued on Friday with investors refraining from making significant moves, choosing to wait for key speeches from central bank chiefs at the Jackson Hole Symposium. The focus is on Fed Chair Jerome Powell's speech for clues about interest rate cuts in September.

RTTNews | 16 मिनटों पहले

U.S. Dollar Rises Against Majors

U.S. Dollar Rises Against Majors

The U.S. dollar strengthened against other major currencies in the European session on Friday.

RTTNews | 28 मिनटों पहले

DAX Up Marginally In Cautious Trade Ahead Of Powell's Speech At Jackson Hole

DAX Up Marginally In Cautious Trade Ahead Of Powell's Speech At Jackson Hole

German stocks are up in positive territory on Friday, amid selective buying ahead of Federal Reserve Chair Jerome Powell's speech at Jackson Hole Symposium later in the day.

RTTNews | 33 मिनटों पहले

European Shares Inch Higher In Cautious Trade

European Shares Inch Higher In Cautious Trade

European stocks were flat to slightly higher on Friday ahead of Federal Reserve Chair Jerome Powell's highly anticipated Jackson Hole speech.

RTTNews | 1घंटे 1 मिनट पहले

Asian Shares Mixed In Cautious Trade Before Powell Speech

Asian Shares Mixed In Cautious Trade Before Powell Speech

Asian stocks turned in a mixed performance on Friday as some strong U.S. economic data and hawkish comments from several Federal Reserve officials prompted traders to reduce their expectations for imminent rate cuts.

RTTNews | 1घंटे 24 मिनट पहले

Yen Falls Amid BoJ Uncertainty

Yen Falls Amid BoJ Uncertainty

The Japanese yen weakened against other major currencies in the Asian session on Friday, as traders speculate uncertainty over the likely timing of the Bank of Japan's (BoJ) next rate hike.

RTTNews | 4घंटे 23 मिनट पहले

European Shares Set For Cautious Open Ahead Of Powell Speech

European Shares Set For Cautious Open Ahead Of Powell Speech

European stocks may open on a cautious note on Friday, with Federal Reserve Chair Jerome Powell's comments at Jackson Hole, Wyoming, likely to be in the spotlight amid an otherwise quiet day on the economic front.

RTTNews | 4घंटे 28 मिनट पहले

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