Activist Hestia’s Kurt Wolf Named CEO of Pitney Bowes (2)

The head of Hestia Capital Management has been appointed chief executive officer of Pitney Bowes Inc., about two years after the activist investor won board seats at the shipping services provider.

Hestia Founding Member Kurt Wolf was named CEO of the Stamford, Connecticut-based company Wednesday, replacing Lance Rosenzweig, according to a statement confirming a Bloomberg News report. Wolf won a seat on the Pitney Bowes board in 2023 along with three other Hestia nominees.

After joining the board, Wolf was named chair of the value enhancement committee, which oversaw plans to cut costs, pay down debt and ...