Pitney Bowes 2015 Annual Report Download - page 5

Download and view the complete annual report

Please find page 5 of the 2015 Pitney Bowes annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 118

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118

1Pitney Bowes Annual Report 2015
Fellow shareholders:
When we first automated business mail in 1920 — an industry we still lead 96 years later — our
founders had a singular mission that remains our overarching focus today: enabling commerce. Successive
generations built on this foundation, moving forward, innovating, always adapting — to new business
models, disruptive technologies and ever-changing client needs. They left us a great legacy of leadership
and excellence. Now it is our generation’s turn to take advantage of new opportunities and build the
kind of value that similarly endures.
That’s what our transformation has been about, and what it will continue to be about — creating value that
lasts not for a quarter or two but for decades to come — that enables us to begin a second century the way
we began the first one, as an innovator and market-maker with an unwavering focus on client needs.
Three years ago, we set a course to transform our business and
to build a bridge for Pitney Bowes to our second century. We
had no illusions that it would be easy. We knew there would be
challenges — that doing it right would take time, eort and a
sustained commitment. But we knew that if any company had the
capacity for transformation, it was Pitney Bowes. We had the right
businesses and opportunities to work with, and the evidence is
growing that we were right.
Marc B. Lautenbach
President and
Chief Executive Ocer
Michael Monahan
Executive Vice President,
Chief Operating Ocer and
Chief Financial Ocer