Talbott Roche Named Chief Executive Officer of Blackhawk Network

Former CEO William Y. Tauscher to continue as Blackhawk's chairman of the board

Feb 22, 2016, 17:00 ET from Blackhawk Network

PLEASANTON, Calif., Feb. 22, 2016 /PRNewswire/ -- Blackhawk Network, a leading prepaid and payments network, announced today that the Board of Directors appointed Talbott Roche to succeed William Y. Tauscher as Blackhawk Network's chief executive officer, effective today. Tauscher will continue in his role of chairman of the board and leading the organization's international business and its corporate development strategy and execution. Roche has been president of Blackhawk for more than five years, a role she will continue to fill.

"Talbott has been with Blackhawk since its inception, and we would not be the global payments innovator we are today without her contributions," said Tauscher. "She has been integral to our rapid growth and diversification, and is well suited to lead Blackhawk forward in the rapidly changing payments industry. It has long been my intention for Talbott to one day lead the company as president and CEO, and I have supreme confidence in her abilities and leadership to carry this great organization forward."

In Roche's role as president and CEO, she will oversee Blackhawk's aggressive growth strategy and expanding product and solution portfolio, as well as direct all Blackhawk consumer and incentive business units.

"I am honored to assume the role of CEO of Blackhawk Network, and continue to execute on our corporate growth strategy," said Roche. "I am confident in Blackhawk's position as an innovative disruptor in the fast-moving payments industry. We will continue to grow through best practices and digital innovation in our retail and incentives businesses, and international expansion and acquisitions that meet our strategic and financial objectives. Additionally, Bill has been an incredible mentor and we have an extremely strong partnership. I look forward to his continued support and ongoing participation in the business."

Blackhawk Network's business has tripled over the last five years from a gift card network in one grocery chain into a global prepaid and payments company. Following a successful IPO in 2013, Tauscher and Roche have led Blackhawk's aggressive growth objective, including an acquisition strategy that has resulted in nine multinational acquisitions that have added to Blackhawk's offerings, scale and reach. Blackhawk now employs over 2,500 people in 24 countries.

About Blackhawk Network
Blackhawk Network Holdings, Inc. (NASDAQ: HAWK) is a leading prepaid and payments global company, which supports the program management and distribution of gift cards, prepaid telecom products and financial service products in a number of different retail, digital and incentive channels. Blackhawk's digital platform supports prepaid across a network of digital distribution partners including retailers, financial service providers, and mobile wallets. For more information, please visit www.blackhawknetwork.com or product websites Cardpool, Gift Card Lab, Gift Card Mall, GiftCards.com and OmniCard.

Forward Looking Statements
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Ashley Jackson

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SOURCE Blackhawk Network