This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Outerwall Announces New Redbox President And Leadership Transitions For Coinstar And EcoATM

Stocks in this article: OUTR

BELLEVUE, Wash., Feb. 6, 2014 /PRNewswire/ -- Outerwall Inc. (Nasdaq: OUTR) today announced three executive leadership moves within its Redbox, Coinstar and ecoATM businesses. Mark Horak, most recently president the Americas at Warner Bros. Home Entertainment, Inc., plans to join Redbox as its new president on March 17.  In addition, two seasoned executives and company leaders at Outerwall will fill top leadership roles at Coinstar and ecoATM. Coinstar operations executive James H. Gaherity will transition to president of Coinstar as Mike Skinner has decided to leave the company for another opportunity after nine years of service. Maria Stipp, having served as chief new ventures officer and concurrently interim president of ecoATM since October 2013, has been appointed president of the ecoATM business. (Logo:

Redbox Horak will bring more than 30 years of media, entertainment and marketing expertise to Redbox. His work as a Hollywood studio executive, experience growing DVD, Blu-ray, video game and digital sales in North America and marketing high-profile film titles, positions Horak well to drive continued growth and profitability at Redbox.  

"We're excited to have an individual as talented and experienced as Mark Horak join Redbox," said J. Scott Di Valerio, chief executive officer of Outerwall Inc. "Mark's background and relationships throughout the entertainment and media industries will prove extremely valuable to Redbox as we work to make Redbox America's number one choice for movies.  Mark understands both the physical and digital aspects of the business and will help us continue to carve out our path to support the home entertainment ecosystem driving value for consumers, studios, retail partners and our company."

"Redbox is an industry innovator and a beloved brand that stands for convenient entertainment at a value," said Mark Horak, incoming president, Redbox. "As the media landscape evolves, it's an exciting time to work on the next phase of the business with an emphasis on driving growth for Redbox."

About Mark Horak Most recently serving as president the Americas at Warner Bros. Home Entertainment, Horak's responsibilities included managing his region's P&L for the physical and digital video and video game business. He began his career with Warner Bros. in various executive-level marketing roles where he rose to executive vice president and general manager for Canada, Latin America, Australia and Asia, and then executive vice president and general manager of Worldwide Operations and New Packaged Media. Previously, he served in marketing positions with Dole Packaged Foods, StarKist Seafood Company and Nabisco Brands, Inc. Horak earned a bachelor's degree in Business Administration from Loyola Marymount University and master's degree in Business Administration from The Wharton School at the University of Pennsylvania.


A 10-year Outerwall executive, Gaherity plans to transition to president of the Coinstar business following Mike Skinner's decision to resign. Gaherity currently serves as the head of Coinstar's worldwide operations. Skinner will remain at Coinstar through March 10, 2014, to ensure a smooth transition. 

"On behalf of the organization, I'd like to thank Mike for his leadership and many contributions as he steps down after nine years of service and leading Coinstar to its highest annual revenue in 2013," said Di Valerio. "We wish Mike all the best in his next endeavor and appreciate his help ensuring a smooth transition. We're fortunate to have a strong successor and confident in Coinstar with Jim taking the helm to drive continued profitability in this segment of Outerwall's business."     

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs