Jason Dies Appointed Interim CEO At Pitney Bowes

STAMFORD, CT — Pitney Bowes Inc. announced that Jason Dies will serve as interim Chief Executive Officer and that Marc Lautenbach has stepped down as President, CEO and Board Member. The announcement was made October 2.

According to the announcement:

— Jason Dies, who most recently served as the Company’s Executive Vice President and Group President, has been appointed interim Chief Executive Officer, effective immediately. Since joining Pitney Bowes in 2015, Mr. Dies has held roles of increasing responsibility and has led a number of strategic initiatives, including a successful transformation of the Company’s Sending Technology Solutions (“SendTech”) segment. As Executive Vice President and Group President, Mr. Dies was responsible for overseeing the Company’s SendTech and Presort Services (“Presort”) segments as well as the Human Resources, Information Technologies, Marketing and Communications groups. As interim Chief Executive Officer, Mr. Dies will focus on accelerating corporate cost optimization and related restructuring efforts while also working with the leaders of SendTech, Presort and Global Ecommerce to identify actionable opportunities to strengthen performance and market positioning.

— The Board will be conducting a comprehensive search process for a new permanent Chief Executive Officer. The process will be supported by a nationally recognized, independent search firm. The process is expected to include internal and external candidates.

— The Board has formed a Long-Term Planning Committee to lead the search process.

Ms. Guilfoile, Chair of the Board, commented:

“For more than 100 years, Pitney Bowes has embraced change in order to best serve its clients, partners, employees and shareholders. This philosophy has allowed Pitney Bowes to evolve from producing analog postage-stamping machines to now providing technology-enabled mailing, sortation and shipping solutions to an expansive global client base. After careful deliberation and consideration of various factors, the Board determined it is the right time to initiate a search for our next permanent Chief Executive Officer and install a qualified interim leader who can continue to advance key initiatives and pursue new opportunities for value creation. Jason’s collaborative leadership style and strong industry experience give us confidence that he will be able to drive tangible progress across the organization and facilitate a smooth transition for all of the Company’s stakeholders.”

Ms. Guilfoile added:

“On behalf of the entire Board, I want to take this opportunity to thank Marc for his many years of dedication and leadership. Marc fostered commitments to innovation and client-centricity that will endure at Pitney Bowes. He also successfully led us through the challenging Covid-19 pandemic, which had a profound impact on the global supply chain. We appreciate his many contributions to our transformation and wish him all the best.”

Mr. Lautenbach stated:

“It has been an honor and a privilege to lead this iconic company for over a decade. As proud as I am of what has been accomplished, I am particularly proud of our team, who has always been guided by our ‘true north’ – our value of doing the right thing the right way. I am confident that this value will continue to guide our Company’s journey going forward.”

Mr. Dies concluded:

“I am extremely excited to take on the interim Chief Executive Officer role and want to thank the Board for placing its trust in me. All of us at Pitney Bowes know that we are part of a historic brand that plays a pivotal role in helping companies meet their most critical mailing and shipping needs. I look forward to working with all my colleagues to identify new opportunities and solve challenges head-on, leading to positive impacts for our clients, shareholders, partners and employees. This is a very exciting time for Pitney Bowes, and I intend for this to be a highly productive transition period as we drive tangible progress and support value creation for all our stakeholders.”

Jason Dies Biography

Jason Dies joined Pitney Bowes in 2015 and has held several senior leadership roles. He led the transformation of SendTech, creating value for clients with an entirely modernized portfolio, securing revenue and free cash flow, while creating new growth paths in shipping. He also, in the last year, has taken on oversight of the Company’s Presort segment, resulting in him leading the two key profit and free cash flow drivers for the Company. Previously, Jason was General Manager, Public Sector for IBM Global Technology Services (“IBM”), North America where he was responsible for IBM’s strategic IT outsourcing business for clients in the State & Local Government, Healthcare and Education industries. During his 20-year career at IBM, Jason held senior leadership positions in North America, Europe and Asia, and led teams across diverse business units including services, hardware, business process outsourcing and partner organizations. Jason graduated from Cornell University with a Bachelor of Arts in Government, and holds a Master of Arts in Political Science from the University of Pennsylvania.