Pitney Bowes Forms Global Ecommerce Business Unit; Names Lila Snyder, President
New Business Unit Combines Recently Acquired Borderfree with Pitney Bowes
STAMFORD, Conn., June 10, 2015 - Pitney Bowes Inc. (NYSE:PBI), a global technology company that provides innovative products and solutions to power commerce, today announced it has formed the Global Ecommerce business unit. The newly created business unit combines recently acquired Borderfree with Pitney Bowes' existing Ecommerce business.
Lila Snyder, who has been leading the integration of Borderfree into Pitney Bowes since early May, has been named President, Global Ecommerce at Pitney Bowes, responsible for the company's overall ecommerce business and strategy. Snyder, who previously served as President of Document Messaging Technologies (DMT), joined Pitney Bowes from McKinsey and Co. in November 2013. She will continue to report directly to Marc B. Lautenbach, President and CEO, Pitney Bowes.
"Lila has been part of my leadership team since I became the CEO, first as an external advisor and then as the leader for one of our business units," said Marc B. Lautenbach, President and CEO, Pitney Bowes. "In her previous role at McKinsey, she was the lead consultant helping us develop our growth strategy. This gave her an in-depth understanding of our business, the key trends driving our transformation, and the importance of ecommerce in fuelling long-term growth. As the integration leader working with teams from Borderfree and Pitney Bowes, Lila is bringing together two complementary, cross-border ecommerce businesses and creating one team. As we continue to accelerate our strategic vision to grow Pitney Bowes, Lila is exactly the right leader to drive and grow our Ecommerce business today and in the future."
Snyder holds S.M. and Ph.D. degrees in Mechanical Engineering from the Massachusetts Institute of Technology and a B.S. degree in Mechanical Engineering from the University of Miami.
The Company will provide more detail about the Global Ecommerce business unit during its scheduled discussion of second quarter results at 8:00 am EDT on July 30th. Instructions for listening to the Pitney Bowes earnings results via the Web are available on the Investor Relations page of its web site atwww.pitneybowes.com.
About Pitney Bowes
Pitney Bowes (NYSE: PBI) is a global technology company offering innovative products and solutions that enable commerce in the areas of customer information management, location intelligence, customer engagement, shipping and mailing, and global ecommerce. More than 1.5 million clients in approximately 100 countries around the world rely on products, solutions and services from Pitney Bowes. For additional information, visit Pitney Bowes at www.pitneybowes.com.
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Pitney Bowes Inc.