Timko Named Chief Strategy and Innovation Officer at Pitney Bowes

STAMFORD, Conn., February 01, 2010 - Pitney Bowes Inc. (NYSE:PBI) today announced the appointment of Joseph Timko to the position of executive vice president and chief strategy and innovation officer. He succeeds David Dobson, who was recently named executive vice president and president, Pitney Bowes Management Services.

In his new role, Timko will be responsible for leading the development of Pitney Bowes’s strategy and long-term priorities. He will also ensure that the company’s product and system innovations are closely linked to these priorities in order to support the company’s objectives for growth.

Timko joins Pitney Bowes from the consultancy McKinsey & Company, where he was a partner in the Technology/Telecom and Industrial Sector practices. He spent more than thirteen years at McKinsey, consulting to senior executives on strategic challenges facing a wide range of global technology-based firms. His engagements focused on business strategy, marketing and sales, business development, mergers and acquisitions, turnarounds, and operations.

Before joining McKinsey, Timko worked for fourteen years at AT&T Bell Laboratories and Lucent Technologies in a variety of technology and product management roles. Products that he developed or led the development of ultimately contributed more than $500 million in revenue.

“Joe’s expertise and strong track record as a technology expert and strategic leader make him an ideal fit for Pitney Bowes,” said Chairman and CEO Murray Martin. “I look forward to working closely with him as we set the direction for Pitney Bowes’s continued leadership in technology and innovation.”

About Pitney Bowes

Pitney Bowes is a global technology leader whose products, services and solutions deliver value within the mailstream and beyond. Founded in 1920, the company’s 35,000 employees deliver technology, service and innovation to more than two million customers worldwide. For more information about Pitney Bowes, its products, services and solutions, visit www.pb.com.

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