Pitney Bowes Inc. announced Shemin Nurmohamed ceased serving as Executive Vice President and President, Sending Technology Solutions and departed from the Company, effective as of end of business on September 11, 2025. She will be succeeded by Todd Everett, who resigned from the Board on September 11, 2025, with such resignation effective as of September 14, 2025. Mr. Everett has approximately three decades of experience serving as an advisor, investor, operator and senior executive across the logistics, shipping and technology sectors.
Notably, in his prior capacity as CEO of Newgistics Inc. (?Newgistics?), Mr. Everett oversaw consistent profitable growth at the business before it was sold to Pitney Bowes in 2017 for $475 million. After stepping away from Newgistics in 2018, he held a variety of other advisory and boardroom roles prior to being elected to the Board of Directors (the ?Board?) of Pitney Bowes in 2023. In his new executive role, Mr. Everett will focus on leveraging his expertise in operational excellence and knowledge of the shipping software space to pursue profitable growth for SendTech.
He succeeds Shemin Nurmohamed. In connection with this appointment, Mr. Everett is stepping down from the Board. Todd Everett has served as a strategic advisor to technology and ecommerce companies that include Doddle Parcel Services Limited, Verishop Inc. and Fetch Package Inc. Prior to holding advisory roles, Todd held positions of increasing responsibilities at Newgistics from 2005 until 2018.
Most recently, he served as Chief Executive Officer and led Newgistics to significant growth and profitability prior to its sale to Pitney Bowes. Mr. Everett was a Transportation and Outsourcing Manager at Intel Corporation from 1996 through 2005. He received a B.S. in Transportation and Logistics from Iowa State University.
On September 11, 2025, the Board of Directors of Pitney Bowes Inc. appointed Wayne Walker to serve as a director of the Board, effective as of September 15, 2025. Mr. Walker will serve on the Governance Committee and the Executive Compensation Committee of the Board. Mr. Walker, age 66, has over 35 years of experience in corporate governance, turnaround management, corporate restructuring, and bankruptcy matters.
In 1998, Mr. Walker founded Walker Nell Partners Inc., an international business consulting firm, and has served as its president from its founding to the present. Before founding Walker Nell Partners Inc., Mr. Walker worked for 15 years at the DuPont Company in Wilmington, Delaware, in the Securities and Bankruptcy group, where he worked in the Corporate Secretary?s office and served as Senior Counsel. Mr. Walker also served on the global leadership teams of DuPont Corian(r) and Electronic Materials businesses.
From 2022 to present, Mr. Walker has served as a director of Outdoor Holding Company, formerly AMMO Inc. From December 2020 to the present, Mr. Walker has served as a director of StableX Technologies Inc., formerly ?AYRO Inc.? and PharmaCyte Biotech Inc. From 2018 to 2023, Mr. Walker served as a director of Wrap Technologies Inc. where he served as chairperson of the board. From 2018 to 2023, Mr. Walker served as a director of Pitcairn Company and as the Chair of its Compensation Committee.
From 2013 to 2020, Mr. Walker served as chairperson of the board of trustees of National Philanthropic Trust, a public donor advised fund charity. From 2018 to 2020, Mr. Walker served as Vice President of the Board of Education of the City of Philadelphia. Mr. Walker has also served on the board of directors for many other companies, foundation, and charities.
Mr. Walker has a Doctor of Jurisprudence from Catholic University (Washington, DC) and a Bachelor of Arts from Loyola University (New Orleans). He is an attorney licensed by the State Bar of Georgia. He is a member of the State Bar Association of Georgia and the National Association of Corporate Directors.
Effective immediately, leadership of PB Bank will report directly to CEO Kurt Wolf and other GFS leadership will report directly to CFO Paul Evans or SVP of Information Technology and Security Wes Kirschner. This interim reporting structure is intended to help management take a hands-on approach to exploring all pathways to maximizing the value of both the bank and non-bank components of GFS. Christopher Johnson, who previously served as SVP and President of GFS, has stepped down from his roles.
The Company thanks him for his many years of valuable service.
