Lance Rosenzweig on business growth
From Lance Rosenzweig, CEO at Pitney Bowes Joins NYSE TV Live · · New York Stock Exchange
“Our Centech business has really grown tremendously in its shipping area with really exciting new technologies, and our presort business has evolved and has been consistently growing as well.”
On , Lance Rosenzweig, Chief Executive Officer & Director at PITNEY BOWES INC, spoke about business growth during Lance Rosenzweig, CEO at Pitney Bowes Joins NYSE TV Live on New York Stock Exchange.
About Lance Rosenzweig
Lance Rosenzweig, CEO of Pitney Bowes, rang the opening bell at the New York Stock Exchange on January 17, 2025, to mark the company's 75th IPO anniversary. In an interview that day, he described the company as "incredibly resilient" and said that when he joined the prior year it was "to implement a turnaround plan." He stated that the company had executed strategic initiatives that had "a really great impact on the business, on our profitability and on our prospects." Rosenzweig highlighted growth in the company's Centech shipping business and its presort business, and said that in 2025 the company is increasingly applying package optimization technology to the B2C market. He also noted that the company is using AI to save costs and improve client performance, calling it "a very valuable tool." In a September 2018 interview on CNBC's Mad Money, then-CEO Marc Lautenbach discussed the company's transformation from a mail-metering business into a logistics and technology company. He said the company had "moved the weighted average growth of the portfolio" from negative to positive and described the acquisition of Newgistics as a way to address e-commerce returns. Lautenbach stated that the company's core mail business had "regulatory barriers to entry" that sustained cash flow, and that the company was positioning itself to "take the complexity out of shipping" through software-as-a-service applications.