STAMFORD, Conn. - Pitney Bowes Inc . (NYSE:PBI), a global technology company offering shipping, mailing, logistics, and financial services, announced today the appointment of John Witek as interim Chief Financial Officer, effective immediately. This strategic move comes as Ana Maria Chadwick exits the CFO role to pursue an opportunity with another organization.
Witek, who recently served as Head of Global Business Services at Pitney Bowes, steps into the interim CFO role with a wealth of experience. His previous tenure as CFO of the company's SendTech segment from 2019 to 2022 saw him drive disciplined capital management and strategic growth initiatives. His understanding of the business and focus on efficiency is expected to support the company's strategic goals and provide stability in the near term.
The company has initiated a formal search for a permanent CFO replacement with Crist Kolder Associates, focusing on candidates with expertise in business transformation and strategic restructuring, among other areas.
Interim CEO Jason Dies expressed confidence in Witek's ability to guide the company towards operational efficiency and consistent profitability, noting his track record of success in his previous roles. Dies also extended gratitude to Chadwick for her contributions and wished her well in her future endeavors.
Witek's nearly 40-year career in corporate finance spans roles at Concentrix and IBM (NYSE:IBM) before joining Pitney Bowes, where he has been instrumental in cost rationalization and efficiency measures aimed at improving segment profitability.
Pitney Bowes serves a vast majority of the Fortune 500 and has a significant global presence. The company's commitment to simplifying mailing and shipping for businesses is underscored by its continuous strategic and operational advancements.
The company will disclose additional details regarding the transition in a Form 8-K filing with the U.S. Securities and Exchange Commission.
This announcement is based on a press release statement from Pitney Bowes.
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