Anne Sutherland Fuchs Joins Pitney Bowes Board of Directors
Press release from the issuing company
STAMFORD, Conn., July 11 -- Pitney Bowes Inc. announced today that Anne Sutherland Fuchs has been elected a director of the corporation, effective September 1, 2005.
Fuchs has extensive experience in the publishing and retail industries. She has served as publisher of many of America's most successful and popular magazines, including Vogue, Woman's Day, and Elle. She was a senior vice president and group publishing director at Hearst Corporation and subsequently held an executive role at LVMH Moet Hennessy Louis Vuitton. She currently serves as chair of the Commission on Women's Issues for New York City, and is a director of Gartner, Inc.
"We are very pleased to have Anne Sutherland Fuchs join Pitney Bowes as a director," said company Chairman and CEO Michael J. Critelli. "She has had an exceptional career of accomplishments in business, particularly in communications businesses that depend heavily on the mail, and she adds valued mailing industry insights to our company. Her expertise in marketing will be increasingly important with the recent acquisition of Imagitas and our expanding participation in marketing mail."
Fuchs was elected to the class of Pitney Bowes directors whose terms expire at the 2006 annual meeting.
In addition, the Board of Directors declared a quarterly cash dividend on the company's common stock of 31 cents per share, payable September 12, 2005, to stockholders of record on August 19, 2005; a quarterly cash dividend of 53 cents per share on the company's $2.12 convertible preference stock, payable October 1, 2005, to stockholders of record on September 15, 2005, and a quarterly cash dividend of 50 cents per share on the company's 4 percent convertible cumulative preferred stock, payable November 1, 2005, to stockholders of record on October 14, 2005.
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