Pitney Bowes appoints Paul Evans as new CFO, adds Peter Brimm to board

STAMFORD, Conn. - Pitney Bowes Inc. (NYSE:PBI), a shipping and mailing solutions company with a market capitalization of $442 million, announced Tuesday the appointment of Paul Evans as Executive Vice President, Chief Financial Officer and Treasurer, effective July 29, 2025. Evans replaces Robert Gold at the company, which according to InvestingPro data, maintains impressive gross profit margins of 89%.

Evans, who previously served on the Pitney Bowes board and chaired its Audit Committee, has stepped down from his director position to take on the executive role. The company simultaneously appointed Peter Brimm, an investment management professional, as a new independent board member. The appointment comes at a challenging time for the company, with InvestingPro analysis showing the stock has declined nearly 40% over the past six months, though analysts maintain a positive outlook with predictions of profitability this year.

The new CFO brings experience as both a public company executive and director. Evans previously worked as Chief Operating Officer at America’s Auto Auction Group and held CFO positions at several companies including Sevan Multi-Site Solutions and MYR Group (NASDAQ:MYRG).

CEO Kurt Wolf highlighted his prior working relationship with Evans during their time together on GameStop’s (NYSE:GME) board between 2020 and 2021, noting they collaborated on debt elimination and shareholder value initiatives during that period.

"As a director, I thoroughly enjoyed helping the organization’s committed and talented employees drive what has been a true case study for turning around a business," Evans said in the press release statement.

Brimm, the newly appointed director, currently serves as President of Envoy Holdings and brings over 25 years of capital allocation and investing experience. He also sits on the board of Medical Facilities Corporation (TSX:DR).

Pitney Bowes provides SaaS shipping solutions, mailing innovation, and financial services to clients globally, including more than 90 percent of Fortune 500 companies. The company currently shows a strong free cash flow yield, according to InvestingPro, which offers subscribers access to over 30 additional financial metrics and exclusive analysis through their comprehensive Pro Research Report.

In other recent news, Dye & Durham Ltd. reported its third-quarter fiscal 2025 earnings, revealing a revenue increase to $108.3 million, which marks a $1 million rise compared to the previous year. The company also achieved a 23% increase in annual recurring revenue, reaching $154 million. These results come despite facing broader macroeconomic challenges. During the earnings call, Dye & Durham highlighted strategic initiatives, such as technological advancements and operational improvements, that have contributed to its performance. The company did not announce any mergers or acquisitions during this period. There were no reported analyst upgrades or downgrades for the company recently. These developments reflect the company’s ongoing efforts to navigate a challenging economic landscape while focusing on growth and innovation.

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