Pitney Bowes Inc. announced that the independent members of its Board of Directors have unanimously approved the following actions: Jason Dies, who most recently served as the Company?s Executive Vice President and Group President, has been appointed interim Chief Executive Officer, effective immediately. Since joining Pitney Bowes in 2015, Mr. Dies has held roles of increasing responsibility and has led a number of strategic initiatives, including a successful transformation of the Company?s Sending Technology Solutions (?SendTech?) segment. As Executive Vice President and Group President, Mr. Dies was responsible for overseeing the Company?s SendTech and Presort Services (?Presort?) segments as well as the Human Resources, Information Technologies, Marketing and Communications groups.

As interim Chief Executive Officer, Mr. Dies will focus on accelerating corporate cost optimization and related restructuring efforts while also working with the leaders of SendTech, Presort and Global Ecommerce to identify actionable opportunities to strengthen performance and market positioning. The Board will be conducting a comprehensive search process for a new permanent Chief Executive Officer. The process will be supported by a nationally recognized, independent search firm.

The process is expected to include internal and external candidates. In connection with these actions, Marc Lautenbach has stepped down as Chief Executive Officer, effective immediately. With his departure, the Company?s Board now includes eight members.

Jason Dies joined Pitney Bowes in 2015 and has held several senior leadership roles. He led the transformation of SendTech, creating value for clients with an entirely modernized portfolio, securing revenue and free cash flow, while creating new growth paths in shipping. He also, in the last year, has taken on oversight of the Company?s Presort segment, resulting in him leading the two key profit and free cash flow drivers for the Company.

Previously, Jason was General Manager, Public Sector for IBM Global Technology Services (?IBM?), North America where he was responsible for IBM?s strategic IT outsourcing business for clients in the State & Local Government, Healthcare and Education industries. During his 20-year career at IBM, Jason held senior leadership positions in North America, Europe and Asia, and led teams across diverse business units including services, hardware, business process outsourcing and partner organizations. Jason graduated from Cornell University with a Bachelor of Arts in Government, and holds a Master of Arts in Political Science from the University of Pennsylvania.