The Register Citizen (Torrington, CT)
Executive changes at Pitney Bowes
As it adapts to major organizational shifts, technology company Pitney Bowes announced this week a series of senior management changes.
As part of the reshuffle, Mark Shearer, executive vice president and president of small and medium business solutions, will retire in the first quarter of 2018. Jason Dies, who was senior vice president and president of the Document Messaging Technologies business, has replaced Shearer. Grant Miller, former chief operating officer of DMT, takes Dies’ former position.
“I’m really excited about joining the SMB (small and medium business) team at this time in our history,” Dies said Friday. “There’s a tremendous opportunity in SMB to deliver new value to clients in ways we haven’t been able to do.”
Shearer, who joined the company in 2013, is remaining at Pitney for the next few months to support the global rollout of Pitney’s SendPro C-Series office-sending line, which launched last month.
Pitney CEO and President Marc Lautenbach credited Shearer for having “realized a four-year vision” with the debut of SendPro C-Series, which he described as an offering that “transforms the traditional postage meter into an all-in-one officesending solution.”
Christoph Stehmann, who was executive vice president and president of the Enterprise Solutions Group, has been named executive vice president of international small and medium business solutions. He will work closely with Dies.
Lila Snyder, executive vice president and president of global e-commerce, has added presort services and Pitney’s newly acquired Newgistics parcel solutions business to her responsibilities.
Dies, Stehmann and Snyder are based in Stamford. Miller is based in Danbury. Pitney Bowes also has a location in Shelton.
The executive changes take place as the company tries to boost indifferent financial results of late.
Pitney’s second-quarter revenues totaled about $821 million, a 2 percent dip from the same period last year. Its profits amounted to nearly $49 million, a 9 percent drop from the second quarter of 2016.
Small- and medium-sized business solutions’ revenues edged down 3 percent to some $436 million as North American and international mailing returns fell.
Company executives have largely attributed the decline in earnings to the impact of systemic changes. Last year, Pitney introduced in the U.S. a new enterprise-business platform — a move that disrupted short-term business, but one they said would significantly improve the company’s long-term operations.
Last year, Pitney launched its Commerce Cloud system, which serves about 1 million small and medium businesses and 90 percent of Fortune 500 companies.