Pitney Bowes Inc. Elects New Chair, Shares Down -0.79%

By Greg Peters • Friday, October 03 12:05 • Permanent Link

Pitney Bowes Inc. (NYSE: PBI) has announced the election of Brent Rosenthal as its new independent Chair, effective immediately. Rosenthal succeeds Milena Alberti-Perez, who has served as the independent Chair and as an engaged independent director during the company's successful multi-year turnaround.

Under Alberti-Perez's leadership, the company has made significant strides. She joined the Board at a pivotal crossroads in 2023, and her immediate efforts with other independent directors have resulted in financial changes, operational improvements, and a strategic repositioning of the enterprise. As a result, Pitney Bowes is now a stronger and more focused entity, delivering greater value for clients, partners, and shareholders.

After serving with distinction, Alberti-Perez has decided to step down from the Pitney Bowes Board to focus on new opportunities within the media sector and adjacent industries.

In terms of financial performance, Pitney Bowes has made significant progress. The latest financial results show a positive trajectory, with a clear indication that the company is on very strong footing and possesses many tailwinds for long-term success.

Brent Rosenthal, the newly elected independent Chair, brings with him over 30 years of experience with technology, media, and telecom companies. He is the Founder of Mountain Hawk Capital Partners, LLC, an investment fund focused on small and microcap equities. Rosenthal's extensive experience in board leadership roles for public companies undergoing growth, transformation, and leadership change positions him well to lead Pitney Bowes in this exciting phase.

Pitney Bowes, a technology-driven products and services company, provides SaaS shipping solutions, mailing innovation, and financial services to clients around the world, including more than 90 percent of the Fortune 500. The company's ability to reduce the complexity of sending mail and parcels has made it a trusted partner for small businesses, large enterprises, and government entities.

The market has reacted to these announcements by moving the company's shares -0.79% to a price of $11.27. If you want to know more, read the company's complete 8-K report here.

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