Hestia capital nominates seven highly qualified, independent candidates for election to pitney bowes' long-tenured, underperforming board of directors

Pittsburgh--( business wire )--hestia capital management, llc (collectively with its affiliates, “hestia” or “we”), which is the third largest stockholder of pitney bowes, inc. (nyse: pbi) (“pitney bowes” or the “company”) and has a beneficial ownership position of approximately 7.2% of the company's outstanding shares, today announced that it has nominated seven highly qualified and independent candidates for election to the company's nine-member board of directors (the “board”) at the company's 2023 annual meeting of stockholders (the “annual meeting”). in addition, hestia released a presentation (downloadable here) that details a sampling of current leadership's failings that have led to significant stockholder value destruction.
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