May 22, 2009 (FinancialWire) — Coinstar, Inc. (NASDAQ: CSTR) said it has promoted Michael J. Skinner to the position of president of the company’s coin and e-payment services unit.

Skinner joined Coinstar in 2004 and has served in management roles for the company’s e-payment and entertainment lines of business. Since 2008, Skinner has held the position of vice president and general manager of Coinstar e-payment services.

Before joining Coinstar, Skinner founded and operated Elkhorn Consulting, a firm that provided strategic and business development services to early stage and emerging growth companies.

Bellevue, Washington-based Coinstar offers self-service coin counting, DVD rental, money transfer, electronic payment solutions, and entertainment services for retailers.

The company’s products and services can be found at supermarkets, drug stores, mass merchants, financial institutions, convenience stores, restaurants and money transfer agent locations.

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