Stanley J. Sutula III will become Pitney Bowes’ Executive Vice President and Chief Financial Officer on February 1, 2017. Sutula will lead the company’s global financial team and investor relations and will report to Marc B. Lautenbach, President and Chief Executive Officer. Sutula will be based in Stamford, Connecticut. Sutula succeeds Michael Monahan, who will continue with Pitney Bowes as Chief Operating Officer. In addition to his existing responsibilities, which include leading the design and deployment of the company’s enterprise business platform (the most significant transformational project in the past two decades) and overseeing information technology, corporate strategy, corporate development, sales and client operations, procurement, supply chain and real estate, Monahan also will be responsible for all aspects of Pitney Bowes Global Financial Services, the company’s financing, payments and leasing business. He will also assume responsibility for further developing the Pitney Bowes Commerce Cloud across the entire company.
“By adding Stan to the CFO role, which Mike has so ably handled for nearly a decade, Mike will be able to fully dedicate his time to helping me run the company,” Lautenbach added. “Mike’s role has been, and will continue to be, as a key partner to me to transform Pitney Bowes.”
Sutula joins Pitney Bowes from IBM, where he was Vice President and Controller responsible for all aspects of accounting and financial functions for the company. He brings to Pitney Bowes an extensive background in finance, accounting, treasury, financial planning and analysis, audit, tax, risk and compliance.
“I’ve worked with Stan in the past and can tell you first-hand that we’re very fortunate to have him join Pitney Bowes,” Lautenbach added. “Stan is an incredibly skilled and experienced executive who will be able to transition quickly and have an immediate impact on our business. Throughout his career, he’s demonstrated an ability to lead global, corporate and business unit teams while maintaining a focus on serving clients of all sizes.”