Coinstar, Inc. Announces Gregg Kaplan's Planned Departure in March 2013

Coinstar, Inc. CSTR, announced that Gregg Kaplan, president and chief operating officer of Coinstar, Inc. and founder and interim president of Redbox Automated Retail, LLC, Coinstar's wholly-owned subsidiary, will be leaving the company in order to pursue new opportunities. Kaplan will remain president and chief operating officer of Coinstar through March 31, 2013, and will continue to oversee Coinstar's new ventures and new business development while focusing on transitioning with the new Redbox president. Coinstar also announced today that Anne Saunders, most recently executive vice president and chief marketing officer at Knowledge Universe where she was responsible for business strategy and marketing functions, has been appointed president of Redbox, effective August 27, 2012. Saunders brings to Redbox extensive executive experience across a variety of industries, including past senior leadership roles at Bank of America, Starbucks and AT&T. As president of Redbox, Saunders will lead the entire Redbox organization, reporting to Coinstar's Chief Executive Officer Paul Davis.