Pitney Bowes committed to ensuring “we have a strong, engaged, and diverse set of directors”

Pitney Bowes committed to ensuring “we have a strong, engaged, and diverse set of directors”

Pitney Bowes‘ Board of Directors has appointed Darrell Thomas, former Treasurer and interim CFO at Harley Davidson, and Steve Brill, retired President of Corporate Strategy at United Parcel Service (“UPS”), as independent directors of the Board, effective immediately.

Directors Michael I. Roth, S. Douglas Hutcheson, and David L. Shedlarz will not stand for re-election at the Company’s 2023 Annual Meeting. With the foregoing changes, there will be eight current directors seeking re-election at the 2023 Annual Meeting. The Board will also recommend that stockholders vote for the election of Katie May, who has been nominated by a stockholder, Hestia Capital Partners, LP (“Hestia”), to the Board. Following the 2023 Annual Meeting, the size of the Board will revert to nine directors.

Michael Roth has also decided to step down from the Chairmanship, effective immediately, rather than at the end of his term as director, in light of the limited time between now and the end of his term and because he believes the incoming Non-Executive Chairman should lead discussions on future Board leadership in support of the Company’s next phase of transformation. Accordingly, the Board has elected director Robert M. Dutkowsky to the role of Non-Executive Chairman, effective immediately. The Company greatly appreciates the support and leadership Messrs. Roth, Hutcheson, and Shedlarz have provided during the significant transformation the Company has undergone in recent years.

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