Activist Hestia’s Kurt Wolf to Be Named CEO of Pitney Bowes

Activist Hestia’s Kurt Wolf to Be Named CEO of Pitney Bowes

The head of Hestia Capital Management is poised to become chief executive officer of Pitney Bowes Inc., about two years after the activist investor won board seats at the shipping services provider.

Pitney Bowes Appoints Kurt Wolf as CEO

STAMFORD, Conn.–(BUSINESS WIRE)–Pitney Bowes Inc. (NYSE: PBI), a technology-enabled services company that provides SaaS shipping solutions, mailing innovation and financial services to clients around the world, is announcing today that its Board of Directors has appointed sitting director Kurt Wolf as the Company’s Chief Executive Officer, effective immediately. Mr. Wolf succeeds Lance Rosenzweig, who is retiring from his CEO and director roles …