Pitney Bowes Names Stanley J. Sutula III Executive Vice President and Chief Financial Officer
December 14 2016 - 4:15PM
Business Wire
Michael Monahan Remains COO with Expanded
Responsibilities
Pitney Bowes, a global technology company providing innovative
technology solutions to power commerce, today announced that
Stanley J. Sutula III has been named Executive Vice President and
Chief Financial Officer (CFO), effective February 1, 2017. Mr.
Sutula will lead the Company’s global financial team and investor
relations and will report to Marc B. Lautenbach, President and
Chief Executive Officer. Mr. Sutula will be based in Stamford,
Connecticut.
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Stanley J. Sutula III (Photo: Business
Wire)
Mr. Sutula succeeds Michael Monahan, who will continue with
Pitney Bowes as Chief Operating Officer. In addition to his
existing responsibilities, which include leading the design and
deployment of the Company’s enterprise business platform -- the
most significant transformational project in the past two decades
-- and overseeing information technology, corporate strategy,
corporate development, sales and client operations, procurement,
supply chain and real estate, Monahan also will be responsible for
all aspects of Pitney Bowes Global Financial Services, the
Company’s financing, payments and leasing business. Further, he
will assume responsibility for further developing the Pitney Bowes
Commerce Cloud across the entire company.
“By adding Stan to the CFO role, which Mike has so ably handled
for nearly a decade, Mike will be able to fully dedicate his time
to helping me run the company,” said Mr. Lautenbach. “Mike’s role
has been and will continue to be as a key partner to me to
transform Pitney Bowes.”
Mr. Sutula joins Pitney Bowes from IBM, where he was Vice
President and Controller responsible for all aspects of accounting
and financial functions for the company. He brings to Pitney Bowes
an extensive background in finance, accounting, treasury, financial
planning and analysis, audit, tax, risk, and compliance.
“I have worked with Stan in the past and can tell you first hand
that we are very fortunate to have him join Pitney Bowes,” said
Lautenbach. “Stan is an incredibly skilled and experienced
executive who will be able to transition quickly and have an
immediate impact on our business. Throughout his career, he has
demonstrated an ability to lead global, corporate and business unit
teams while maintaining a focus on serving clients of all
sizes.”
Mr. Sutula has nearly 20 years of financial management
experience. He joined IBM in 1998, and has held several leadership
positions in the United States and in Europe in accounting and
financial strategy, including cost management, capital allocation,
balance sheet finance, accounting and planning. Most recently,
Sutula was Vice President and Controller at IBM. As IBM’s
Controller, he managed a finance function with more than 200
finance executives worldwide. Before that, he was Vice President
and Treasurer for the company responsible for global balance sheet
with more than $118 billion of assets and $12 billion of Free Cash
Flow.
“I am delighted to be part of Pitney Bowes at this exciting time
in the Company’s history,” said Mr. Sutula. “Marc has assembled a
world-class management team that is making history by leading a
major transformation at an iconic company and I am excited to be a
part of this effort.”
Mike Monahan added, “For the past four years, we have built a
foundation for success and we are poised for growth. I am looking
forward to continuing to identify ways in which we can leverage our
assets across the entire enterprise to deliver greater value to all
of our clients. And, with Stan on board, I am confident that we
will be able to accelerate our transformation while continuing to
unlock value.”
Mr. Sutula graduated from Northeastern University in Boston,
Mass., with a Bachelor of Science in Finance and Management and
received his Masters of Business Administration in Finance from
Fordham University in New York.
About Pitney Bowes
Pitney Bowes (NYSE: PBI) is a global technology company powering
billions of transactions – physical and digital – in the connected
and borderless world of commerce. Clients around the world,
including 90 percent of the Fortune 500, rely on products,
solutions and services from Pitney Bowes in the areas of customer
information management, location intelligence, customer engagement,
shipping, mailing, and global ecommerce. And with the innovative
Pitney Bowes Commerce Cloud, clients can access the broad range of
Pitney Bowes solutions, analytics, and APIs to drive commerce. For
additional information visit Pitney Bowes, the Craftsmen of
Commerce, at www.pitneybowes.com.
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Pitney Bowes Inc.Bill Hughes, 203-351-6785Chief Communications
Officerwilliam.hughes@pb.com
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