Private equity firm Apollo Global Management will take Rackspace private in the all-cash deal.
In this newly created position, Christoph Stehmann will be responsible for all of the company’s ecommerce and shipping businesses.
Pitney Bowes Inc. (NYSE: PBI) today announced that Christoph Stehmann has been named President of Ecommerce and Shipping Solutions at Pitney Bowes. In this newly created position, Stehmann will be responsible for all of the company’s ecommerce and shipping businesses. Previously, Stehmann was President of Document Messaging Technologies (DMT) at Pitney Bowes.
“Christoph possesses deep expertise in global markets and knowledge in the ecommerce, shipping, technology and communications industries,” said Marc Lautenbach, President and CEO, Pitney Bowes. “Ecommerce and shipping are critical to our growth today and going forward. With this announcement, we are aggregating and creating synergy across the most significant new business designs in the company to create new value for our clients and growth for Pitney Bowes. Christoph will help us drive additional growth in these areas as we move ahead to help us unlock value for our clients, shareholders and employees.”
Stehmann was named President of Document Messaging Technologies at Pitney Bowes in June 2012. Previously, Stehmann ran the Document Messaging Technologies business in Europe and led client operations activities in Europe. He joined Pitney Bowes in 2003, following executive roles with global forwarding company Danzas (now a subsidiary of Deutsche Post DHL) and with global consultancy McKinsey & Company, Inc.Pitney Bowes also announced today that Lila Snyder is joining the company as President, Document Messaging Technologies, succeeding Stehmann. Snyder joins Pitney Bowes from global consultancy McKinsey & Company, Inc. She will be responsible for leading the company’s global production mail business, which includes the design, manufacturing, installation and service of print and mail equipment. This includes high-speed digital color printers, inserters and sorters.
“Lila has one of the keenest minds in business that I have seen in my 30 years. She is an outstanding leader with tremendous expertise in the technology and communications industries,” said Lautenbach. “We are fortunate to have someone of Lila’s experience join our management team and look forward to her contributions in helping our clients improve their operational performance, expand capabilities, and drive higher engagement.”
Before joining Pitney Bowes, Snyder was a Partner at McKinsey & Company, Inc. In this role, Snyder was the leader of McKinsey's Stamford office and focused on serving clients in the technology, media and communications sectors. Her work spanned strategy, operations, marketing and sales, working with clients to drive sustainable performance and build capabilities.
Snyder holds S.M. and Ph.D. degrees in Mechanical Engineering from the Massachusetts Institute of Technology and a B.S. degree in Mechanical Engineering from the University of Miami.
Both appointments are effective November 1, 2013.
About Pitney Bowes
Pitney Bowes provides technology solutions for small, mid-size and large firms that help them connect with customers to build loyalty and grow revenue. Many of the company’s solutions are delivered on open platforms to best organize, analyze and apply both public and proprietary data to two-way customer communications. Pitney Bowes includes direct mail, transactional mail and call center communications in its solution mix along with digital channel messaging for the Web, email and mobile applications. Pitney Bowes: Every connection is a new opportunity™. www.pb.com.