Pitney Bowes Inc. (NYSE:PBI), a global technology company that
provides commerce solutions in the areas of shipping and mailing,
data, and ecommerce, today announced that Michael Monahan,
Executive Vice President and Chief Operating Officer, and Abby F.
Kohnstamm, Executive Vice President and Chief Marketing Officer,
are retiring effective July 9, 2018, and July 1, 2018,
respectively.
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Bill Borrelle Named Chief Marketing
Officer of Pitney Bowes (Photo: Business Wire)
Mr. Monahan joined Pitney Bowes in 1988 and held numerous
leadership positions throughout the Company with increasing
responsibilities. In February 2015, Monahan was appointed Chief
Operating Officer, where he spearheaded the implementation of the
Company’s enterprise business platform – the most significant
transformational project in the past two decades – and led the
strategy and growth plans for the Pitney Bowes Commerce Cloud and
Pitney Bowes Global Financial Services, the Company’s financing,
payments and leasing business. In this role, he also was
responsible for overseeing the Company’s Corporate Development
initiatives including the acquisition of Newgistics and most
recently, the divestiture of the Company’s production mail
business. Prior to that, Monahan served as Chief Financial Officer
from 2008 to February 2017.
“For 30 years, Mike has served Pitney Bowes with unwavering
dedication, passion and commitment,” said Marc B. Lautenbach,
President and Chief Executive Officer. “He not only played a vital
role in helping Pitney Bowes become the company it is today, his
leadership and strategic oversight in helping transform the Company
are critical to our long-term success. Mike has left an indelible
mark on our company and I want to thank him for his tremendous
contributions over the years, his outstanding leadership, and his
track record of success. Most importantly, I want to thank Mike for
his counsel and partnership over the past five years.”
The Company does not plan to replace Mr. Monahan.
Ms. Kohnstamm joined Pitney Bowes in June 2013 as Executive Vice
President and Chief Marketing Officer and is responsible for all of
Pitney Bowes marketing and communications worldwide as well as
citizenship and philanthropy. During her tenure, Kohnstamm built a
globally integrated marketing and communications function and
created a new brand strategy, identity and architecture that
repositioned Pitney Bowes as a technology company and leader in
enabling modern commerce. In 2015, Kohnstamm led the development
and launch of “Craftsman of Commerce,” the Company’s first
advertising and digital marketing campaign in more than 20 years.
In addition, she revitalized demand generation, social media, and
the product launch process. Most recently, Kohnstamm created a new
digital ecosystem on pitneybowes.com by moving from disparate
global web sites onto one content-rich and service-oriented
platform to fuel ecommerce, drive revenue and improve client
service.
“We knew that bringing Abby to Pitney Bowes as CMO five years
ago would lead to great outcomes, and we were right,” said
Lautenbach. “Abby has worked tirelessly to create a world-class
marketing and communications organization with extraordinary
talent. She has established a strategic voice for our company and
changed the perceptions of Pitney Bowes among our clients,
shareholders, and employees. She has had a significant impact on
our business from the very beginning and we are very fortunate to
have benefited from her leadership at Pitney Bowes.”
The Company also announced that Bill Borrelle has been named
Senior Vice President and Chief Marketing Officer, responsible for
marketing worldwide. Borrelle joined Pitney Bowes in 2013 and
currently leads the Company’s digital channel where he is
responsible for developing this channel to improve the client
experience and drive sales. In addition, Borrelle oversees the
Company’s brand strategy, digital marketing, and marketing
analytics, and has led numerous marketing disciplines throughout
his career. Before joining Pitney Bowes, Borrelle was the Chief
Executive Officer of mcgarrybowen New York, a full service
advertising agency, for eight years. Before that, Borrelle was a
Senior Vice President at Digitas. Bill holds a B.S. from Villanova
University and an MBA from The Wharton School of the University of
Pennsylvania.
About Michael Monahan
Michael Monahan is the Executive Vice President and Chief
Operating Officer of Pitney Bowes. In this role, he has
responsibilities for the Global Finance Services business and the
Corporate Development and Corporate Strategy functions. In
addition, Mike has global responsibilities for sales operations,
client operations, information technology, procurement, and supply
chain. He also leads critical initiatives as executive sponsor;
including the Enterprise Business Platform program (IMPACT 2017),
client experience and the Commerce Cloud strategy and growth
plan.
Mike was Chief Financial Officer from March 2008 through January
of 2017. He had responsibility for all aspects of the financial
function, including investor relations. He has helped guide the
company through the financial crisis and through its recent
transformation.
Previously, Mike was President of Mailstream Solutions and
Services Americas, the portfolio included both North and South
American operations and Presort Mail Services. He has overseen
Pitney Bowes’ entry and expansion in the U.S. domestic and
international mail services markets and has had responsibility for
global product management for the SMB business.
He led the formation of the company’s Presort Mail Services
division through a series of acquisitions and partnerships.
Mike joined Pitney Bowes in 1988 and held positions in Corporate
Accounting, Investor Relations, Corporate Development, and as a
business unit Chief Financial Officer. Prior to joining the
company, he was a senior auditor with Price Waterhouse.
Mike is Chairman of the Audit Committee and member of the
Executive Committee of the National Board of the Armed Services
YMCA. He is also a member of the board of the Pitney Bowes
Foundation. Mike is a Certified Public Accountant and holds B.S.
and M.S. degrees from the State University of New York at
Albany.
About Abby F. Kohnstamm
Abby Kohnstamm is Executive Vice President and Chief Marketing
Officer at Pitney Bowes Inc. In this role, she oversees all of
Pitney Bowes marketing and communications worldwide and citizenship
and philanthropy.
Before joining the company in 2013, Abby was president of Abby
F. Kohnstamm & Associates, Inc., a marketing consulting firm
which she founded in 2006. Her company’s primary focus was in
strategic marketing, integrated marketing communications, brand
management and agency selection and management. Clients included
Bloomberg LP, Barclays Bank PLC, Landor Associates and Fidelity
among others.
Prior to that, Abby served as Chief Marketing Officer of IBM
Corporation for over 12 years. In that capacity, she had overall
responsibility for all aspects of marketing across IBM on a global
basis. Some of Abby’s major accomplishments at IBM included
developing IBM’s first professional marketing function and key
marketing processes, as well as repositioning and relaunching the
IBM brand from a weakened position to one of today’s top global
brands. In addition, Abby had a pivotal role in re-engineering
IBM’s go-to-market approach and was instrumental in the evolution
of the company’s SMB strategy. Before joining IBM, she held a
number of senior marketing positions at American Express from 1979
through 1993.
A graduate of Tufts University, Abby also holds an M.A. in
education from New York University and an M.B.A. from New York
University’s Stern School of Business. Abby serves on the Board of
Directors of Tiffany & Co. and The Roundabout Theatre Company.
She is also a Trustee Emerita on the Board of Trustees of Tufts
University, after serving on their board for 10 years.
Full bios, photos and other materials can be accessed here.
About Pitney Bowes
Pitney Bowes (NYSE:PBI) is a global technology company providing
commerce solutions that power billions of transactions. Clients
around the world, including 90 percent of the Fortune 500, rely on
the accuracy and precision delivered by Pitney Bowes solutions,
analytics, and APIs in the areas of office mailing and shipping;
mailing and parcel sortation; retail fulfillment, shipping and
returns; global ecommerce; location data; and software. For nearly
100 years Pitney Bowes has been innovating and delivering
technologies that remove the complexity of getting commerce
transactions precisely right. For additional information visit
Pitney Bowes, the Craftsmen of Commerce,
at https://www.pitneybowes.com/us.
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version on businesswire.com: https://www.businesswire.com/news/home/20180618005407/en/
Pitney BowesCarol Wallace, 203-351-6974Carol.wallace@pb.com
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