Pitney Bowes Appoints Accomplished Financial Services Leader Steve Fischer as President of The Pitney Bowes Bank
Also Announces the Appointments of Four Highly Qualified Executives to Drive New Strategic Initiatives Across SendTech, Presort and Corporate Finance
New Team Members Bring Leadership Experience from Prominent Organizations, Including TIAA Bank and Amazon
Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a technology-driven products and services company that provides digital shipping solutions, mailing innovation, and financial services to clients around the world, including more than 90 percent of the Fortune 500, today announced that it has appointed Steve Fischer as the new President of The Pitney Bowes Bank ("PB Bank") effective immediately. Mr. Fischer, who brings three decades of experience in the banking and finance worlds, previously held positions that include Chief Executive Officer of TIAA Bank and Vice Chairman of EverBank Financial Corporation. His background in leadership roles at institutions which grew to more than $35 billion in assets will be invaluable as Pitney Bowes seeks to realize the full potential and value of PB Bank.
Mr. Fischer joins at a time when PB Bank is expected to play an important role in the Company's go-forward strategy for profitable growth. PB Bank enables Pitney Bowes to offer postage payment options and other value-added financing solutions to approximately 400,000 customers. It also holds more than $575 million of low-cost, long-duration deposits that can help drive attractive risk-adjusted returns with the proper infrastructure and processes in place.
Kurt Wolf, CEO and Director, commented:
"As we have been working to rebuild our leadership team over the past eight months, a core focus has been recruiting experienced executives with records of driving profitable growth and value creation at successful organizations. That is exactly what we are getting in Steve, who served as CEO of TIAA Bank when it grew to more than $35 billion in assets. He has a strategic vision for establishing the people, processes and plans required to responsibly grow PB Bank. Additionally, Steve possesses the credibility and relationships required to maintain PB Bank's strong standing with its regulators. His appointment clearly demonstrates that the Pitney Bowes of today is a destination for great talent."
In addition, Pitney Bowes today announced four new executive appointments:
- Benoit Robinot, SVP, Head of Shipping, oversees a recently consolidated shipping organization within SendTech. He is leading efforts to modernize and scale shipping capabilities by developing software solutions that address customers' most urgent needs. Mr. Robinot previously held senior leadership roles at Amazon, where he led European network expansion, postal strategy, and last-mile innovation.
- Kevin Collins, SVP, SendTech Strategy, assumes a newly created role focused on growth, adjacencies and strategic partnerships. He brings extensive experience across business development, sales, strategy, operations and engineering. He has worked closely with global partners, including USPS on contract negotiations, new service creation and workshare programs. He joins after serving as President of ACI Logistix.
- Vaishali Patel, VP, Presort Client Success, is focused on accelerating client acquisition and further elevating the Company's industry‑leading service performance. A results-driven commercial executive, she brings extensive experience in P&L leadership, market expansion and strategic customer engagement. Ms. Patel's mandate is to aggressively scale customer growth, deepen retention, and unlock new revenue opportunities. She joins us from Hill & Smith, where she led high-impact commercial initiatives.
- David Cossitt-Levy, VP, FP&A, is tasked with strengthening forecasting accuracy and unlocking valuable business insights from the Company's extensive data assets. He will oversee a reconstituted FP&A team that includes new leadership in FP&A at the corporate and business segment levels. Mr. Cossitt-Levy brings 20+ years of experience leading financial planning, performance management and strategic finance for large-scale organizations. He was most recently VP, FP&A at IQVIA, a company with a market capitalization of more than $28 billion and $15+ billion in annual revenue.
Mr. Wolf concluded:
"These four appointments are the direct result of us identifying fixable issues and tangible opportunities for value creation during the first phase of our strategic review. Benoit, Kevin, Vaishali and David each bring unique experience, relationships and skills that support our immediate priorities and long-term goals. Notably, they also join us from top-tier organizations such as Amazon and IQVIA. This follows an eight-month period in which I have appointed five new individuals to our seven-member executive team, which has in turn been actively refreshing talent across business segments and corporate functions."
About Pitney Bowes
Pitney Bowes (NYSE:PBI) is a technology-driven products and services company that provides digital shipping solutions, mailing innovation, and financial services to clients around the world – including more than 90 percent of the Fortune 500. Small businesses to large enterprises, and government entities rely on Pitney Bowes to reduce the complexity of sending mail and parcels. For the latest news, corporate announcements, and financial results, visit www.pitneybowes.com/us/newsroom. For additional information, visit Pitney Bowes at www.pitneybowes.com.
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Alex Brown
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