Pitney Bowes Appoints Sheila A. Stamps to its Board of Directors

Pitney Bowes (NYSE: PBI), a global technology company that provides commerce solutions in the areas of shipping, mailing, data and ecommerce, today announced the election of Sheila A. Stamps to its board of directors, effective September 1, 2020.

"We are pleased to welcome Sheila Stamps to the Pitney Bowes Board of Directors," said Marc B. Lautenbach, President and CEO, Pitney Bowes. "Sheila brings significant business, banking and accounting expertise in both the private and public sector to our Company. Throughout her career, Sheila has played key roles in helping companies transform and grow. We look forward to having her perspective as we further strengthen and diversify our Board."

The election of Ms. Stamps to the Pitney Bowes board of directors will bring the total number of directors to 10. Ms. Stamps will serve on the Audit and Executive Compensation Committees.

About Sheila A. Stamps

Sheila A. Stamps currently serves on the boards of Atlas Air Worldwide Holdings, Inc. (Audit Chair), and CIT Group, Inc. and CIT Bank, N.A. She is also a member of the Board of Directors of IES Abroad, a non-profit organization facilitating global educational opportunities and internships. She is a former Commissioner and Audit Committee Chair for the board of the New York State Insurance Fund, the State's largest worker's compensation insurance provider.

Previously she served as Executive Vice President at DBI, LLC, a private mortgage investment company, from 2011 to 2012. She served from 2008 to 2011 as Director of Pension Investments and Cash Management at the New York State Common Retirement Fund, and from 2004 to 2005 as a Fellow at the Weatherhead Center for International Affairs at Harvard University.

Prior to this, Ms. Stamps served as Managing Director and Head of Relationship Management, Financial Institutions, at Bank of America Corp. (formerly FleetBoston). From 1982 to 2003, she held several executive positions both domestically and internationally with Bank One Corp. (now JPMorgan), including Managing Director and Head of European Asset-Backed Securitization and a member of the EMEA Strategic Operating Committee. She holds an MBA in Finance from the University of Chicago.

About Pitney Bowes

Pitney Bowes (NYSE:PBI) is a global technology company providing commerce solutions that power billions of transactions. Clients around the world, including 90 percent of the Fortune 500, rely on the accuracy and precision delivered by Pitney Bowes solutions, analytics, and APIs in the areas of ecommerce fulfillment, shipping and returns; cross-border ecommerce; office mailing and shipping; presort services; and financing. For 100 years Pitney Bowes has been innovating and delivering technologies that remove the complexity of getting commerce transactions precisely right. For additional information visit Pitney Bowes, the Craftsmen of Commerce, at www.pitneybowes.com.