Coinstar, Inc. Appoints James S. Pinckney Corporate Leader, Strategy and Operations
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 Systems Corp.
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 Coinstar."
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 execution.
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 South Carolina.
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.