Coinstar, Inc. Appoints Mary A. Leonard to Chief Performance Officer
Redbox Automated Retail, Wholly-Owned Subsidiary of Coinstar Inc., Promotes Diane Pearse to Senior Vice President Finance and Operations and Appoints Mindy S. Herman to Chief of Content
BELLEVUE, Wash., Oct. 21 /PRNewswire-FirstCall/ -- Coinstar, Inc. (Nasdaq: CSTR), a leader in automated retail, today announced that it has appointed Mary A. Leonard to chief performance officer and member of the Coinstar executive management team. Leonard previously served as senior vice president of operations for redbox, a wholly-owned subsidiary of Coinstar. Reporting to Gregg Kaplan, president and chief operating officer of Coinstar, Inc., Leonard will replace retiring Steve Verleye and assume corporate-wide responsibilities that include: oversight of strategic planning and integration, operational excellence, employee communication and call center operations.
"Mary is a proven leader building business and driving results at some of the world's leading companies," said Gregg Kaplan, president and chief operating officer of Coinstar, Inc. "Coinstar's automated retail strategy will benefit from her experience, perspective and commitment to excellence."
"Additionally, I'd like to thank Steve Verleye for his leadership and many contributions to Coinstar, Inc. over the past seven years. Steve made the decision to retire early next year to enable him to commit full time to his non-profit work. We wish him all the best in his retirement and this important work."
Leonard joined Coinstar's subsidiary redbox in 2006 and served as senior vice president of operations overseeing a team of more than 1,500 employees responsible for: kiosk deployment and installation, inventory and logistics, continuous improvement and facilities. In November 2009, Leonard was named one of the most influential women in the video industry by Home Media Magazine and also was named to the Class of 2009 Women Elite by Video Business.
Before joining redbox, Leonard served as director of print consolidation facilities and director of carrier development for RR Donnelley Logistics, overseeing service improvement and cost-reduction strategy and implementation. Prior to RR Donnelley Logistics, she served a successful tenure with FedEx Corporation, managing pick-up and delivery operations, staffing analysis and training, and facility and vehicle planning in various regions throughout the United States and England.
Redbox Names D. Pearse SVP Finance and Operations and M. Herman Chief of Content
Redbox Automated Retail, LLC, a wholly-owned subsidiary of Coinstar, Inc. and popular movie rental provider, announces the promotion of Diane M. Pearse to senior vice president of finance and operations and the appointment of media-industry veteran Mindy S. Herman to chief of content, a newly formed position.
Pearse, previously served as senior vice president of finance, redbox, and in her new role will assume supervision of operations – a role previously managed by Leonard. Pearse joined redbox in May 2010 and has more than 25 years experience in finance and most recently served as chief financial officer of Crate and Barrel. Earlier in her career, Pearse was vice president of business financial services for the Americas with BP Amoco Corporation, where she served a key role in the integration of the finance and treasury function of the newly merged company. Prior to the BP Amoco merger, Pearse spent 18 years with Amoco Corporation in a variety of increasingly senior positions in the corporate finance, treasury accounting and information technology areas. Pearse will report to both Mitch Lowe, president of redbox and Scott Di Valerio, chief financial officer of Coinstar, Inc.
Mindy S. Herman, former E! Networks president and chief executive officer and media-industry veteran, joined the redbox leadership team this month reporting to Mitch Lowe. She will lead content strategy, studio negotiations, and title acquisition for the redbox business. Herman has more than 20 years of experience including successful tenures as president and chief executive officer of iN Demand, the cable industry's leading provider of pay-per-view and video-on-demand film, sports and event programming, and in various senior executive positions at News Corporation.
"Diane and Mindy are talented individuals who will play a critical role in driving redbox's continued success and mapping our future," said Mitch Lowe, president, redbox. "Redbox is proud to retain and attract a diversity of top talent to drive our business and delight our consumers."
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 rental and Coinstar® self-service coin-counting brands. The company has approximately 26,900 DVD kiosks and 19,000 coin-counting kiosks in supermarkets, drug stores, mass merchants, financial institutions, convenience stores, and restaurants. For more information, visit www.coinstar.com.
Safe Harbor for Forward-Looking Statements
Certain statements in the foregoing press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including phrases conveying expectations or intent and other expressions identifying future performance. The forward-looking statements in this press release include statements regarding Coinstar, Inc.'s management and future growth and results. Forward-looking statements are not guarantees of future actions, events or performance, which may vary materially from those expressed or implied in such statements. Differences may result from, among other things, actions taken by Coinstar, Inc. or senior management including those beyond Coinstar, Inc.'s or senior management's control. Such risks and uncertainties include, but are not limited to, the failure of senior management to remain with Coinstar, Inc. for the expected period. The foregoing list of risks and uncertainties is illustrative, but by no means exhaustive. For more information on factors that may affect future performance, please review "Risk Factors" described in our most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission. These forward-looking statements reflect Coinstar, Inc.'s expectations as of the date of this release. Coinstar, Inc. undertakes no obligation to update the information provided herein.
SOURCE Coinstar, Inc.