Pitney Bowes Inc. announced key leadership changes and strategic updates on September 12, 2025, as part of its ongoing strategic review initiated in May 2025. The company appointed Todd Everett as EVP and President of Sending Technology Solutions (SendTech) and Wayne Walker as an independent board member, while restructuring its Global Financial Services (GFS) leadership to maximize value.
Todd Everett Appointment: Named EVP and President of SendTech, stepping down from the Board.
Wayne Walker Appointment: Independent Board member, filling Everett’s vacancy.
GFS and PB Bank Update: Leadership now reports to CEO Kurt Wolf, CFO Paul Evans, and SVP Wes Kirschner; Christopher Johnson steps down.
Stock (PBI): Closed at $11.475, up 0.39% from prior close (see finance card above).
Strategic Focus: Enhance SendTech growth and maximize GFS and PB Bank value.
Source: Business Wire, September 12, 2025.
Todd Everett, former CEO of Newgistics (acquired by Pitney Bowes for $475M in 2017), brings three decades of logistics, shipping, and technology expertise. Previously a Pitney Bowes board member since 2023, Everett succeeds Shemin Nurmohamed, focusing on operational excellence and shipping software growth. “SendTech is a market-leading business with a world-class client base,” Everett said, emphasizing sustainable growth strategies.
Wayne Walker, with extensive experience in finance, law, and corporate transformations, joins the Board to replace Everett. As President of Walker Nell Partners since 2004, Walker has served on boards of public companies like Outdoor Holding Company (Nasdaq: POWW) and StableX Technologies (Nasdaq: SBLX). His expertise will support Pitney Bowes’ strategic initiatives.
Pitney Bowes restructured its GFS leadership, with PB Bank reporting to CEO Kurt Wolf and other GFS leaders to CFO Paul Evans or SVP Wes Kirschner. This interim structure aims to explore value-maximizing pathways for GFS and PB Bank following Christopher Johnson’s departure. CEO Kurt Wolf noted, “We are taking decisive action to advance a thorough evaluation of GFS, including the PB Bank.”
On September 12, 2025, PBI closed at $11.475, up 0.39% from $11.43, with a market cap of $1.96B (see finance card above). The stock has risen 61% over the past year but remains 12.5% below its yearly high of $13.11. Q1 2025 reported a 5% revenue decline to $493M but a $35.4M profit, reversing a prior-year loss. A $150M share repurchase is planned for 2025.
Everett’s leadership is expected to drive SendTech’s growth, leveraging its 96% Fortune 500 client base. The GFS restructuring aligns with Pitney Bowes’ goal to optimize its financial services and banking units, supported by a 3.0x leverage ratio target achieved ahead of schedule. These moves reflect confidence in long-term value creation under CEO Kurt Wolf.
Pitney Bowes (NYSE: PBI) provides SaaS shipping solutions, mailing innovation, and financial services to over 90% of Fortune 500 companies, small businesses, and government entities. Its technology-driven solutions simplify mail and parcel delivery globally.
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