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

[Anonymous]

 

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

[Author]

June 23, 2013 at 10:04 PM