Coinstar, Inc. Appoints James S. Pinckney Corporate Leader, Strategy and
BELLEVUE, Wash., Jan. 16, 2013
BELLEVUE, Wash., Jan. 16, 2013 /PRNewswire/ -- Coinstar, Inc. (NASDAQ: CSTR),
a leading provider of automated retail solutions, today announced that James
S. Pinckney joined the company's executive leadership team this month as the
corporate leader, strategy and operations, a newly-created position. Pinckney
has more than 25 years of international general management, strategy and sales
experience from Lenovo, Microsoft Corp., The Sabre Group and Hitachi Data
Pinckney will manage strategy, supply chain and facilities, customer support
and deployment, and communications functions at Coinstar. As a member of the
executive team, he reports to J. Scott Di Valerio, the company's chief
financial officer and next chief executive officer. As announced earlier this
month, Di Valerio will succeed current CEO Paul Davis, who is retiring on
March 31, 2013.
"Coinstar has nearly tripled its revenue in the past three years and continues
to grow as we expand our offerings and focus on our automated retail
strategy," said Di Valerio. "We brought James on board to help drive
strategic functions in this next phase of our growth. He is a proven leader
with an exceptional ability to develop effective strategies and lead teams
through successful execution, and we look forward to his contributions here at
Pinckney's previous roles included vice president of North America Transaction
Business at Lenovo where he led a $1 billion revenue-generating business unit
that delivered product and channel marketing expertise, including strategy and
Prior to Lenovo, Pinckney held a number of roles at Microsoft over a period of
nine years. His last position was as vice president of Worldwide Field Sales,
Original Equipment Manufacturer (OEM) division, where he led a sales and
business development team responsible for software sales with local OEM
partners around the world.
While at The Sabre Group, Pinckney was vice president of Airline Solutions
responsible for sales and the delivery of consulting and professional services
to regional airlines in the United States, Canada and Latin America.
Pinckney also spent six years with Hitachi Data Systems Corp., serving as vice
president of product services and support, central region, providing software
and hardware consulting and support services to Fortune 500 companies.
Pinckney holds a bachelor's degree in computer science from the University of
About Coinstar, Inc.
Coinstar, Inc. (Nasdaq: CSTR) is a leading provider of automated retail
solutions offering convenient services that make life easier for consumers and
drive incremental traffic and revenue for retailers. The company's core
automated retail businesses include the well-known Redbox® self-service DVD
and video game rental and Coinstar® self-service coin-counting brands. The
company has approximately 42,400 Redbox DVD kiosks and 20,300 coin-counting
kiosks in supermarkets, drug stores, mass merchants, financial institutions,
convenience stores, and restaurants. Redbox also offers DVD rentals through
additional kiosks acquired from NCR Corporation in June 2012. For more
information, visit www.coinstarinc.com.
Safe Harbor for Forward-Looking Statements
Certain statements in this press release are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995.
The words "believe," "will," "expect," "intend," "anticipate" and variations
of such words, and similar expressions identify forward-looking statements,
but their absence does not mean that a statement is not forward-looking. The
forward-looking statements in this release include statements regarding
Coinstar's management changes. Forward-looking statements are not guarantees
of future actions, results, performance or events, which may vary materially
from those expressed or implied in such statements. Differences may result
from actions taken by Coinstar or Redbox or their management, as well as from
risks and uncertainties beyond Coinstar's control. Such risks and
uncertainties include, but are not limited to, timing and integration of
management changes, changes in strategic and financial objectives, and the
ability to attract new retailers, penetrate new markets and distribution
channels and react to changing consumer demands. The foregoing list of risks
and uncertainties is illustrative but by no means exhaustive. For more
information on factors that may affect Coinstar, please review "Risk Factors"
and other disclosures described in Coinstar's most recent Annual Report on
Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the
Securities and Exchange Commission, as well as other public filings with the
Securities and Exchange Commission. These forward-looking statements reflect
Coinstar's expectations as of the date of this release. Coinstar undertakes no
obligation to update the information provided herein.
SOURCE Coinstar, Inc.
Contact: Media, Marci Maule, Director of Public Relations, +1-425-943-8277,
firstname.lastname@example.org, or Financial Analysts and Investors, Rosemary
Moothart, Director of Investor Relations, +1-425-943-8140,
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