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Pitney Bowes Snags Xerox Exec to Lead Corporate Communications & Investor Relations

Press release from the issuing company

TRUMBULL, Conn., June 6, 2001 - Pitney Bowes Office Systems today appoints Charles K. Wessendorf as Vice President, Corporate Communications and Investor Relations. Wessendorf will oversee public relations, shareholder and management communications, the corporate and investor web site, and relationships with the professional investment community. Reporting directly to Pitney Bowes Office Systems' Chief Financial Officer, Joseph Skrzypczak, Wessendorf will be instrumental in building relationships with external business constituents and communicating the mission of the new company. "Chuck's exemplary experience, knowledge of the office products industry and the investment community and proactive approach to communications and investor relations make him uniquely qualified to be a key member of our management team," stated Skrzypczak. Wessendorf is a broad-gauge financial executive with domestic/international operations and corporate level experience. He has been at the forefront in proactively using technology to leverage communications with the investment community and has extensive relationships with Wall Street analysts, institutional investors and the investor relations community. Previously, Wessendorf served as Manager, Investor Relations for Xerox Corporation where the investor relations program was recognized as the "Most Improved Large-cap Program" in 2000 by Investor Relations Magazine's Excellence in Investor Relations Awards. The Xerox investor web site, which he established and directed, has been recognized as one of the "Top 25" investor web sites every year since 1994. "Pitney Bowes Office Systems is a world class solutions provider, and I am delighted I will be participating in its future as an independent company," stated Wessendorf. "The spin-off of the business from Pitney Bowes Inc. will enable Office Systems to move faster and more efficiently while capitalizing on the resources and relationships of one of the most trusted brands in the business. With industry leading technology, leadership position in the corporate fax market, and an experienced national sales force, no company is better suited to meet the ever increasing demands of customers." Wessendorf received a Bachelor of Arts in Economics from Dartmouth College and a Master of Business Administration in finance from the Amos Tuck Graduate School of Business Administration.

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