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STAMFORD, CT - Pitney Bowes Inc . (NYSE:PBI), a global technology company providing commerce solutions in the areas of ecommerce, shipping, mailing, and financial services, with a market capitalization of $1.73 billion and an impressive 123% stock return over the past year, announced today the appointment of Lauren Thomas DeFina as its new Vice President and Chief Accounting Officer, effective April 1, 2025.
Lauren Thomas DeFina, 42, has been promoted from her role as Vice President, Corporate Controller, a position she has held since October 2023. Prior to that, DeFina served as Interim Corporate Controller from April 2023 and as Director of Technical Accounting and Special Projects since November 2016. She is a University of Connecticut alumna with a Master’s in Accounting and a Bachelor’s in Business Administration, in addition to being a Certified Public Accountant.
The announcement follows the retirement of John Witek, the company’s Interim Chief Financial Officer and Chief Accounting Officer, effective March 31, 2025. DeFina’s appointment comes after the recent appointment of Robert Gold as Chief Financial Officer on March 10, 2025.
In her new role, DeFina’s base annual salary has been set at $318,400. The company’s statement clarified that there are no familial relationships between DeFina and any directors or executive officers at Pitney Bowes, and she does not have any material direct or indirect interest in any transactions that would necessitate disclosure under SEC regulations.
This leadership transition is part of a series of executive changes at Pitney Bowes as it continues to navigate the evolving landscape of office automation and ecommerce solutions. The company’s strategic appointments aim to strengthen its leadership team and drive growth in its core business segments.
The information provided in this article is based on a press release from Pitney Bowes and the company’s recent SEC filing.
In other recent news, Pitney Bowes Inc. reported fourth-quarter earnings and revenue that exceeded analyst expectations, alongside a positive outlook for 2025. The company announced adjusted earnings per share of $0.32 for the fourth quarter, surpassing the analyst consensus of $0.21, while revenue reached $516 million, beating estimates of $489.77 million despite a 2% year-over-year decline. For the full year 2024, Pitney Bowes generated revenue of $2.027 billion, down 3% year-over-year, with adjusted EPS improving by 34% over the previous year to $0.82. Looking ahead, the company projected fiscal year 2025 revenue between $1.95 billion and $2 billion, exceeding analyst expectations of $1.973 billion, and forecasted adjusted EPS of $1.10 to $1.30, above the consensus estimate of $1.04. Additionally, Pitney Bowes announced a new $150 million share repurchase authorization and increased its quarterly dividend to $0.06 per share. The company reported progress on strategic initiatives, including nearing completion of its Global Ecommerce exit and achieving $120 million in annualized cost savings by the end of 2024. Pitney Bowes now expects to reach total net annualized cost savings of $170 million to $190 million.
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