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Coinstar CFO Steps Down After Two Months

8 Sep, 2009 By: Chris Tribbey

John Harvey, appointed CFO of Redbox parent company Coinstar in June of this year, will leave the company after November, Coinstar announced Sept. 8.

Harvey said he is leaving the company due to how much time he’s been forced to stay away from his family, commuting between Coinstar headquarters in Bellevue, Wash., and his home in Chicago. Harvey will stay with the company until it reports its third-quarter financial results.

“Coinstar is a unique company with tremendous untapped potential, and I joined the company as chief financial officer because I believed in their vision and management team,” Harvey said. “This hasn’t changed, and what attracted me to Coinstar has also made it a very difficult decision to leave. However, I’ve chosen to seek opportunities in the Chicago area that will allow me to spend more time with my family.”

Coinstar CEO Paul Davis added, “The Coinstar board of directors and I regret that John has decided to leave the company as he is a very talented individual and has been an asset to the leadership team. At the same time, we understand his decision and appreciate his consideration in remaining with the company through a transition period and assisting with the search for his replacement. We wish John all the best in his future endeavors.”

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