Pitney Bowes has elected a new chairman as it conducts a comprehensive strategic review under a new CEO.
The Stamford-based provider of shipping and other services announced Friday it has appointed Brent Rosenthal as independent chairman of the company’s board of directors. Rosenthal, who succeeds former chairwoman Milena Alberti-Perez, is the founder of Mountain Hawk Capital Partners LLC, an investment fund focused on small and microcap equities.
He is a board member for several other companies, including Horizon Kinetics Corp., Syntec Optics Holdings Inc. and several Puerto Rico closed-end mutual funds.
Rosenthal, who has more than 30 years of experience with technology, media and telecom companies, was previously a partner in affiliates of W.R. Huff Asset Management, an employee-owned investment manager, and director of mergers and acquisitions for RSL Communications Ltd. He also served emerging media companies for Deloitte & Touche LLP.
Pitney Bowes in May appointed activist investor Kurt Wolf as CEO to replace Lance Rozenweig, who assumed the leadership role in October 2024.
Pitney Bowes’ second-quarter revenue slipped 5% to $493 million from a year ago, but it posted $35.4 million in profit, reversing a $2.9 million loss.
Wolf is leading a comprehensive strategic review for the company, which has seen falling demand for mail services, intended to produce a clear strategy for maximizing shareholder value, the company has said.
