Pitney Bowes has a new interim CEO.
The global shipping and mailing company provides technology, logistics, and financial services for ecommerce shipping.
And among the new duties for interim CEO Jason Dies is evaluating if Pitney Bowes will choose to sell off its global ecommerce business unit. The unit provides retailers with a parcel delivery and returns network and other fulfillment services such as pick, pack and ship.
Dies, who most recently served as executive vice president, replaces CEO Marc Lautenbach, who has now left the company. Since joining Pitney Bowes in 2015, Dies was responsible for overseeing the company’s SendTech and presort services segments. He was also responsible for overseeing:
- Human resources
- Information technologies
- Marketing and communications
“After careful deliberation and consideration of various factors, the board determined it is the right time to initiate a search for our next permanent chief executive officer and install a qualified interim leader who can continue to advance key initiatives and pursue new opportunities for value creation,” says Pitney Bowes board chairman Mary J. Guilfoile.
While the search for a new permanent CEO is underway, Pitney Bowes will begin to “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.”
For the second quarter ended June 30, Pitney Bowes revenue declined 11% to $776.48 million. That’s down from $871.49 million in the second quarter of 2022. Net loss was $141.5 million versus net income of $4.3 million in the prior year.
Revenue for the Pitney Bowes global ecommerce unit was $313 million. That’s down 21% from $394 million in the second quarter of 2022.
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