- Murray D. Martin
-
Murray D. Martin 
Chairman, President and CEO of Pitney Bowes Incumbent Assumed office
May 14, 2007Preceded by Michael J. Critelli Personal details Born December 11, 1947
Hawkesville,_Ontario, CanadaSpouse(s) Ruth Children 3 Murray D. Martin (born December 11, 1947) is the Chairman, President and Chief Executive Officer of the U.S.-based Pitney Bowes (NYSE: PBI). In 2007, he was appointed CEO to succeed Michael J. Critelli. Martin joined Pitney Bowes in 1987 and is best known for Pitney Bowes’ transformation from an American company selling goods and services into a global company.[1]
Contents
Early Life and Career
Son of a minister and raised with his six siblings in rural Hawkesville, Ontario, Canada, Martin developed his passion for hockey, reading, business, and inventing things.[2] One of his inventions was a telegraph system to communicate with friends. Raising German shepherds and boxers was Martin’s first business which he started at 5 years old.[3][4] At 10, he was managing a country store. A hockey-related injury at age 15 resulted in the permanent gold cap on his front tooth.[5]
“When I was selling things, customers would say, ‘I want the guy with the gold tooth’. It is part of who I am,” said Martin in The Times of London.[6]
His sales career began at 19 when he joined Litton Industries’ Monroe Systems for Business. Within ten years, Martin rose to become the company’s president.[7]
Executive Career
Pitney Bowes
Martin’s career at Pitney Bowes began when he joined Dictaphone Canada Ltd. in 1987.[8] Three years later, Martin was appointed President of Pitney Bowes Copier Systems. While at the company’s international business operations from 1998 to 2001, Pitney Bowes’ international revenue doubled which came to represent 25 percent of the total company’s revenue. In 2004, CEO Michael J. Critelli and Pitney Bowes’s Board of Directors appointed Martin to President and Chief Operating Officer (COO).[9][10]
During his tenure as President and COO, Pitney Bowes’ international revenue quadrupled.[11] Martin led the work that developed early partnerships with Internet companies such as eBay.[12] In a 2005 Nikkei News interview, Martin said, “Internet business has created a new growth area for postal services as well.”[13]
CEO Leadership and Strategy
In 2007, Martin was appointed Pitney Bowes CEO.[14] He led the company’s restructuring which included eliminating 1,500 jobs, representing 4 percent of its global workforce.[15] That same year, Pitney Bowes acquired Digital Cement Inc. and Asterion SAS.[16][17] He was architect in total of 70 acquisitions expanding Pitney Bowes’ reach throughout all segments of the mailstream, including mail services and work sharing with the acquisition of PSI, software with the acquisition of Group 1 and MapInfo, and marketing services with the acquisition of Imagitas and AAS/PMH.[18][19] In the first quarter of 2008, Pitney Bowes reported 11% growth.[20] Two years after being appointed CEO, Martin was appointed Chairman of the Board.[21] Martin's strategies for Pitney Bowes' included expanding into adjacent lines of business either through innovation or acquisition. Creating processes for new products and service offerings that use Pitney Bowes technologies were also part of his approach to strategy. Martin is leading the company's transition through Pitney’s Strategic Transformation to keep Pitney Bowes sustainable for another 90 years.[22][23][24][25] Martin's announcement of the specific strategies included web-based and web-enabled services for small and medium businesses. Third party secure transactions, customer communications management, records and information management for industries such as financial services, insurance, telecommunications, and government were other areas of focus.[26]
Board of Directors
Martin is Director on the board of directors at the Business Council of Fairfield County, The Brink's Company, and Catalyst.[27][28][29] Martin is Director on the board of visitors at Sacred Heart University.[30]
Patents
Martin is named on two patents. Closed loop postage metering system and method for mail address block image information encoding, protection and recovery in postal payment applications[31][32].
Merits, Awards, and Honorary Degrees
Martin earned awards and honorary degrees for his involvement in philanthropy. He attributes his upbringing for his commitment to community involvement.[33]
- Volunteer Center of Southwestern Fairfield County Heart of Gold Award[34]
- Centre for Applied Cryptographic Research (CACR) Distinguished Fellow Award[35]
- The Volunteer Center of Southwestern Fairfield County Heart of Gold Award 2009[36]
- Childcare Learning Centers Community Service Award 2011[37]
- Sacred Heart University Honorary Doctor of Humane Letters degree[38]
- University of Waterloo Honorary Doctorate[39]
Compensation
While CEO of Pitney Bowes in 2008, Murray D. Martin earned a total compensation of $5,115,280, which included a base salary of $941,667, a cash bonus of $2,109,000, no stocks, and options granted of $1,950,000.[40]
Ranked #264 on 2011 Forbes CEO pay list.[41]
References
- ^ Fishman-Lapin, Julie. "Martin Takes the Long Road". The ADVOCATE and Greenwich Times, p. F1, 2005-10-09
- ^ Fishman-Lapin, Julie. "Martin Takes the Long Road". The ADVOCATE and Greenwich Times, p. F1, 2005-10-09
- ^ Maitland, Alison. "Low-key executive shuns the spotlight". [1] Financial Times, 2010-02-12
- ^ Reiss, Robert. "A CEO From The Age of 5".[2] Forbes, 2010-11-01
- ^ Frean, Alexandra."He means business when he gets his skates". The Sunday Times, p.1, 2011-06-24
- ^ Frean, Alexandra."He means business when he gets his skates". The Sunday Times, p.1, 2011-06-24
- ^ Maitland, Alison. [3]"Low-key executive shuns the spotlight". Financial Times, 2010-02-12
- ^ [4] PR Newswire reprint of announcement 1987-10-12
- ^ Maitland, Alison. "Low-key executive shuns the spotlight".[5] Financial Times, 2010-02-12
- ^ [6] Pitney Bowes COO announcement 2004-09-29
- ^ Fishman-Lapin, Julie. "Martin Takes the Long Road". The ADVOCATE and Greenwich Times, p. F1, 2005-10-09
- ^ [7] Small Business Computing 2004-03-12
- ^ Nishimura, Ayako. "Increasing business opportunities in mail order deliveries". Nikkei News, 2008-08-15
- ^ Maitland, Alison. "Low-key executive shuns the spotlight". [8] Financial Times, 2010-02-12
- ^ [9] News-Times
- ^ Abramovich, Giselle[10] Digital Marketing News, 2007-06-01
- ^ [11] Asterion SAS Press Release
- ^ [12] American Chamber of Commerce
- ^ [13] Output Links August 8, 2011
- ^ [14] Financial Announcement reprint by What They Think
- ^ [15] BusinessWire Press Release reprint
- ^ Reiss, Robert. "A CEO From The Age of 5".[16] Forbes, 2010-11-01
- ^ Pellet, Jennifer. "Pushing the Envelope". [17] Chief Executive Magazine, 2010-10-23
- ^ Crainer,Stuart. "Sorted!" [18] Strategy Business Review, Spring 2007
- ^ [19] Output Links August 8, 2011
- ^ [20] Chief Executive Officer 2010-07-01
- ^ [21] Fairfield County
- ^ [22] Brinks Company
- ^ [23] Catalyst, Inc.
- ^ [24] Sacred Heart University
- ^ [25] US Patent Office
- ^ [26] US Patent Office
- ^ [27] Leaders Magazine Volume 32 Number 2
- ^ [28] Fairfield Heart of Gold Award Announcement
- ^ [29] University of Waterloo
- ^ [30] The Volunteer Center of Southwestern Fairfield County
- ^ [31] Childcare Learning Center
- ^ [32] Sacred Heart University
- ^ [33] University of Waterloo
- ^ 2008 CEO Compensation for Murray D. Martin, Equilar.com
- ^ "#264 Murray D Martin". Forbes. http://www.forbes.com/lists/2011/12/ceo-compensation-11_Murray-D-Martin_TODJ.html.
External Links
Categories:- American businesspeople
- Canadian businesspeople
- Living people
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