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Julie Schoenfeld has resigned from the board of directors of Pitney Bowes Inc . (NYSE:PBI), the company announced in a press release statement filed with the Securities and Exchange Commission. The resignation was effective immediately as of Saturday. The $2 billion market cap company has shown strong momentum recently, with its stock price at $11.08 and an impressive 56% gain over the past six months.
According to the filing, Schoenfeld’s departure was not the result of any dispute or disagreement with the company regarding its operations, policies, or practices. Pitney Bowes expressed its thanks to Schoenfeld for her service and contributions.
Pitney Bowes, based in Stamford, Connecticut, is listed on the New York Stock Exchange under the ticker PBI. The information is based on a statement included in the company’s recent SEC filing.
In other recent news, Pitney Bowes Inc. reported its first-quarter 2025 earnings, showcasing a notable performance with an adjusted earnings per share (EPS) of $0.33, surpassing the forecast of $0.27. However, the company reported revenue of $493 million, which fell short of the projected $501.4 million. During the company’s Annual Meeting, shareholders approved all proposed items, including the election of directors and the Amended 2024 Stock Plan. Notably, Ancora Holdings Group, LLC announced it has redeemed its investment in a special purpose vehicle managed by Hestia Capital Management to directly hold shares of Pitney Bowes, expressing continued confidence in the company’s leadership. Additionally, Kurt Wolf, previously with Hestia Capital Management, has taken over as CEO of Pitney Bowes, after securing a position on the company’s board in 2023. Ancora Holdings credited Wolf with driving significant initiatives such as cost reductions and the divestiture of the Global Ecommerce unit. The company has also seen shareholder support for its executive compensation plans and the appointment of PricewaterhouseCoopers LLP as its independent registered public accounting firm for 2025. These developments reflect significant changes and strategic initiatives at Pitney Bowes, indicative of its current trajectory and investor confidence.
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