*NEWS*PITNEY BOWES CONSOLIDATES/2004-10-06

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*NEWS*PITNEY BOWES CONSOLIDATES/2004-10-06

 user 2013-06-23 at 10:04:37 pm Views: 131
  • #2199
     
    Pitney Bowes Consolidates Operating Structure
     
    Company Reorganizes Operations as part of a More Integrated Approach to Global Customers

    STAMFORD, Conn., Sept. 04– Pitney Bowes Inc.
    today unveiled the next phase of its organizational realignment tosupport its growth strategy.  The company is consolidating all of itsoperating activities in a more integrated approach to its base of over two
    million customers worldwide.  As part of this move, Michael J. Critelli,
    Chairman and Chief Executive Officer, recommended and the company's Board ofDirectors approved the appointment of Murray D. Martin as President and Chief
    Operating Officer."This new structure is the next step in the company's evolution for
    growth," according to Michael J. Critelli, Chairman and Chief Executive
    Officer.  "We see tremendous opportunities ahead to enhance shareholder and
    customer value by growing our presence in the mailstream, expanding our
    document management services and solutions, enlarging our footprint outside of
    North America, and selling more of our equipment, software, services and
    solutions to our existing customers.  We have continued to evolve to leverage
    these opportunities and it follows that our organizational structure is
    continuing to evolve as well.
        "In the first stage of our organizational realignment we segmented our
    operations based on customer needs.  Today, I am consolidating the reporting
    structure for our operational segments in order to foster enterprise-wide
    collaboration on the customer's behalf.  I feel that this new structure will
    help us serve our customers more seamlessly, move toward a more integrated
    business model, and aggressively execute our growth strategies."
        Murray Martin is a 17-year company veteran who was most recently Executive
    Vice President and Group President of Pitney Bowes Global Mailstream
    Solutions.  Martin is the right person for the job according to Critelli,
    "Throughout his tenure at the company, Murray has consistently delivered
    shareholder and customer value.  Each operation that he has led has shown
    marked improvements in customer loyalty and satisfaction, while improving
    operational efficiency and profitability.  Murray has been the architect of
    many successful acquisitions, including PSI, which allowed the company to
    expand into the strategically important Mail Services business.  Murray also
    has a strong background in the document management and reprographics business,
    having been president of Pitney Bowes Copier Systems, President and CEO of
    Dictaphone Canada Ltd., as well as president of Monroe Systems for Business in
    Canada.  His extensive experience and expertise in mailing and document
    management has shaped his vision for adding value to each mail piece that the
    company touches, and led us to identify new growth opportunities and go-to-
    market strategies."
        Critelli concluded, "Today's actions are part of our evolution into a
    bigger and better company and I am looking forward to leading this company for
    a long-time to come.  We are committed to all of our core businesses and
    confident in our strategies to grow those businesses and leverage emerging
    opportunities in adjacent market spaces.   Our new structure is an exciting
    next step in truly becoming one company for growth."
        Pitney Bowes engineers the flow of communication.  The company is a
    $4.6 billion global leader of integrated mail and document management
    solutions headquartered in Stamford, Connecticut.







    * Post was edited: 2004-10-06 10:17:00