Pitney Bowes has appointed Marc Lautenbach, a 27-year veteran of IBM and more recently a managing partner there, to succeed the retiring Murray Martin as president and CEO, effective immediately.
Pitney Bowes said Martin has also resigned from the board of directors, where he served as chairman, and Lead Independent Director Michael Roth will serve as non-executive chairman.
The company’s board will comprise of 13 individuals, 12 of them independent.
“I look forward to working with the board of directors, executive team, and all Pitney Bowes employees to enhance the company’s market position and accelerate our transformation for future growth and success for the benefit of all stakeholders,” Lautenbach said.
“Under his leadership, Murray has overseen numerous acquisitions, many major technological innovations and strategic initiatives to streamline the business and focus on high growth opportunities,” Roth said.
Lautenbach’s most recent position at IBM was managing partner for the North America global services business and he also oversaw the company’s small- and medium-sized customer segment at different stages there.
Other senior management positions included general manager for North America, general manager for the global small and medium business segment and vice president for the Asia-Pacific small and medium business segment.