Stamford mailing-equipment and document-processing vendor Pitney Bowes tapped a 27-year IBM Corp. veteran to lead as its new chief executive officer.
Marc B. Lautenbach will take over as president and CEO, effective immediately, Pitney Bowes said Monday.
Lautenbach succeeds Murray D. Martin, who is retiring as chairman, president and CEO and has resigned from the board of directors. Lautenbach takes Martin’s board seat.
Martin will continue to work with Lautenbach during an unspecified transition period.
Meanwhile, the Pitney Bowes board also announced that Michael I. Roth, currently lead independent director, has been appointed nonexecutive chairman of the board, effective immediately.
With these changes, tboard of directors consists of 13 individuals, 12 of whom are independent.
At different stages in his IBM career, Lautenbach oversaw the small- and medium-size customer segment.
In addition, as the executive responsible for sales in the Americas, he has had substantial experience in the enterprise and federal government segments, Pitney Bowes said.
Most recently, Lautenbach was managing partner of IBM North America Global Business Services.
