Bellevue, Wa., USA - Coinstar, a provider of automated retail solutions, announced that it has appointed CFO J. Scott Di Valerio as the company's next chief executive officer, effective April 1, 2013.
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Mr. Di Valerio was also appointed to the Coinstar Board of Directors effective at that time.
He joined Coinstar in January 2010 and assumed the role of chief financial officer in March 2010.
In addition to his leadership of the finance organization, he also leads the company’s corporate information technology and supply chain functions.
He has over 25 years finance, operations and management experience.
Prior to Coinstar, Mr. Di Valerio served as president of the Americas for the Lenovo Group Limited, a computer manufacturer, and held senior positions at Microsoft Corp. as corporate vice president of Microsoft’s OEM division and as corporate vice president of finance and administration and chief accounting officer.
Previously he served in management positions at The Walt Disney Company and Mindwave Software Inc., and as a partner at PricewaterhouseCoopers.
Mr. Di Valerio will succeed Paul Davis who is retiring on March 31, 2013 and will remain a member of the Coinstar Board of Directors through March.
Mr. Davis joined Coinstar in April 2008 as chief operating officer and became chief executive officer in April 2009.
He also serves on Coinstar’s Board of Directors. As a global business leader, he has 30 years experience in retail and consumer packaged goods.
Throughout his career, Mr. Davis has held various sales and executive management positions, including chief executive of Kettle Foods, president of Starbucks North America, and president of PepsiCo’s Frito-Lay Company in Canada. Earlier work experience included various positions with Procter and Gamble.
The company also announced today that Galen C. Smith, senior vice president of finance at Redbox Automated Retail, LLC, Coinstar's wholly-owned subsidiary, will succeed Di Valerio as chief financial officer. ■