Pitney Bowes Announces Senior Executive Changes

Pitney Bowes Inc. announced that Michael Monahan, Executive Vice President and Chief Operating Officer, and Abby F. Kohnstamm, Executive Vice President and Chief Marketing Officer, are retiring effective July 9, 2018, and July 1, 2018, respectively. Mr. Monahan joined Pitney Bowes in 1988 and held numerous leadership positions throughout the Company with increasing responsibilities. In February 2015, Monahan was appointed Chief Operating Officer, where he spearheaded the implementation of the Company’s enterprise business platform – the most significant transformational project in the past two decades – and led the strategy and growth plans for the Pitney Bowes Commerce Cloud and Pitney Bowes Global Financial Services, the Company’s financing, payments and leasing business. In this role, he also was responsible for overseeing the Company’s Corporate Development initiatives including the acquisition of Newgistics and most recently, the divestiture of the Company’s production mail business. Prior to that, Monahan served as Chief Financial Officer from 2008 to February 2017.

“For 30 years, Mike has served Pitney Bowes with unwavering dedication, passion and commitment,” said Marc B. Lautenbach, President and Chief Executive Officer. “He not only played a vital role in helping Pitney Bowes become the company it is today, his leadership and strategic oversight in helping transform the Company are critical to our long-term success. Mike has left an indelible mark on our company and I want to thank him for his tremendous contributions over the years, his outstanding leadership, and his track record of success. Most importantly, I want to thank Mike for his counsel and partnership over the past five years.”

The Company does not plan to replace Mr. Monahan.

Ms. Kohnstamm joined Pitney Bowes in June 2013 as Executive Vice President and Chief Marketing Officer and is responsible for all of Pitney Bowes marketing and communications worldwide as well as citizenship and philanthropy. During her tenure, Kohnstamm built a globally integrated marketing and communications function and created a new brand strategy, identity and architecture that repositioned Pitney Bowes as a technology company and leader in enabling modern commerce. In 2015, Kohnstamm led the development and launch of “Craftsman of Commerce,” the Company’s first advertising and digital marketing campaign in more than 20 years. In addition, she revitalized demand generation, social media, and the product launch process. Most recently, Kohnstamm created a new digital ecosystem on pitneybowes.com by moving from disparate global web sites onto one content-rich and service-oriented platform to fuel ecommerce, drive revenue and improve client service.

“We knew that bringing Abby to Pitney Bowes as CMO five years ago would lead to great outcomes, and we were right,” said Lautenbach. “Abby has worked tirelessly to create a world-class marketing and communications organization with extraordinary talent. She has established a strategic voice for our company and changed the perceptions of Pitney Bowes among our clients, shareholders, and employees. She has had a significant impact on our business from the very beginning and we are very fortunate to have benefited from her leadership at Pitney Bowes.”

The Company also announced that Bill Borrelle has been named Senior Vice President and Chief Marketing Officer, responsible for marketing worldwide. Borrelle joined Pitney Bowes in 2013 and currently leads the Company’s digital channel where he is responsible for developing this channel to improve the client experience and drive sales. In addition, Borrelle oversees the Company’s brand strategy, digital marketing, and marketing analytics, and has led numerous marketing disciplines throughout his career. Before joining Pitney Bowes, Borrelle was the Chief Executive Officer of mcgarrybowen New York, a full service advertising agency, for eight years. Before that, Borrelle was a Senior Vice President at Digitas. Bill holds a B.S. from Villanova University and an MBA from The Wharton School of the University of Pennsylvania.