Coinstar Appoints J. Scott Di Valerio Chief Financial Officer
BELLEVUE, Wash.--(BUSINESS WIRE)--Coinstar, Inc. (NASDAQ: CSTR), today announced the appointment of J. Scott Di Valerio as chief financial officer effective March 2, 2010. Di Valerio joined the company on January 19 and will work with Paul Davis, Coinstar chief executive officer, prior to taking over as CFO.
"Scott brings with him a strong finance, management and business background with high-growth, world-class organizations, as well as a demonstrated ability to communicate effectively with the investment community,” said Paul Davis. “The depth and breadth of his experience further enhances our management team, and we look forward to his contributions as we execute our strategic plans for growth and success as a leader in automated retail."
Di Valerio, 47, has over 25 years finance, operations and management experience, most recently serving as President of the Americas for the Lenovo Group Limited, a leading computer manufacturer. Previously, he held senior positions at Microsoft Corp., where he served as the company’s corporate vice president of Finance and Administration and chief accounting officer, and as corporate vice president of the Original Equipment Manufacturer (OEM) division. Before joining Microsoft, Di Valerio served as corporate vice president corporate controllership at The Walt Disney Company, chief financial officer of Mindwave Software Inc., and partner at PricewaterhouseCoopers.
Di Valerio is a certified public accountant and holds a bachelor’s degree in business administration from the University of San Diego.
James Blanda, a Tatum, LLC, partner will stay on as interim CFO with the company through March 1 prior to the transition to Di Valerio.
About Coinstar, Inc.
Coinstar, Inc. (NASDAQ: CSTR) is a leading provider of automated retail solutions offering convenient products and services that make life easier for consumers and drive incremental traffic and revenue for its retailers. The Company’s core automated retail businesses are self-service coin counting and self-service DVD rental. Other Coinstar products and services include e-payment products – such as gift cards, prepaid debit cards and other prepaid products – and money transfer services. The Company’s products and services can be found at more than 90,000 points of presence including supermarkets, drug stores, mass merchants, financial institutions, convenience stores, restaurants, and money transfer agents. For more information, visit www.coinstar.com.
