Michael Monahan Remains COO with Expanded Responsibilities
STAMFORD, Conn.--(BUSINESS WIRE)--Dec. 14, 2016--
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161214006033/en/
Source: Pitney Bowes
Pitney Bowes Inc.
Bill Hughes, 203-351-6785
Chief
Communications Officer
william.hughes@pb.com
