24/7 Market News Snapshot 11 February, 2025 – Pitney Bowes Inc. (NYSE:PBI)
DENVER, Colo., 11 February, 2025 (247marketnews.com) – (NYSE:PBI) are discussed in this article.
Pitney Bowes Inc. (PBI) has shown impressive market performance, beginning the trading day at $9.25 and currently reflecting a noteworthy gain of 5.16%, trading at $9.275. The company has attracted considerable investor interest, evidenced by a significant trading volume of 4.43 million shares. This upward momentum indicates strong support for PBI’s stock and potential for further price increases, with notable resistance levels identified around $9.50. Investors are encouraged, however, to remain vigilant regarding any potential pullbacks or shifts in trading volume that could indicate changing market dynamics.
In a strategic move to enhance its financial leadership, Pitney Bowes has appointed Robert (Bob) Gold as the new Chief Financial Officer (CFO), effective March 10, 2025. Gold, an experienced finance executive, joins the company after holding CFO positions in various notable organizations, including AM General, Culligan International, and EyeCare Partners. His selection followed a comprehensive search by an independent recruitment firm, which sought candidates with expertise in business transformation and effective capital management.
Lance Rosenzweig, CEO of Pitney Bowes, expressed confidence in Gold’s capabilities, emphasizing his extensive corporate finance experience as critical for navigating the company’s growth trajectory. Gold succeeds John Witek, whose retirement marks the end of a significant tenure during which he guided the company through vital transformations. Rosenzweig acknowledged Witek’s invaluable contributions and set a forward-looking tone for the organization.
Gold’s solid educational background, including an MBA in Finance and a BS in Business Administration from Drexel University, positions him well to lead Pitney Bowes in enhancing its SaaS shipping and mailing solutions. This leadership change is timely, paving the way for innovation and growth as Pitney Bowes continues its commitment to delivering exceptional value and services to clients globally. Additional details related to management transitions will be disclosed in an upcoming filing with the U.S. Securities and Exchange Commission.