Kostas Sgoutas and Eric Duehring Promoted to Executive Vice Presidents
MONROVIA, Calif.--(BUSINESS WIRE)--Jan. 17, 2012--
Green Dot Corporation (NYSE: GDOT), a provider of widely distributed,
low cost banking and payment solutions to a broad base of U.S.
consumers, announced the resignation of Mark Troughton, President, Cards
and Network of Green Dot Corporation. Mark will continue to serve Green
Dot through the end of January 2012 after which point he plans to pursue
new start up opportunities.
Previously, the Company's primary revenue divisions underneath Mr.
Troughton were led by Kostas Sgoutas (Private Label) and Eric Duerhing
(Green Dot Brand). Following Mr. Troughton's resignation, Kostas Sgoutas
and Eric Duehring will assume two new Executive Vice President positions
and will report directly to Green Dot’s Chairman and Chief Executive
Officer, Steve Streit.
Mr. Sgoutas will now hold the position of Chief Product Officer,
Executive Vice President for Non-Retail Customer Acquisition. In this
capacity, Kostas will be responsible for Green Dot's non-retail customer
acquisition channels, including Green Dot’s online properties, its
Government channel and future new channels. Additionally, Mr. Sgoutas
will be responsible for the Green Dot Network and will oversee Green
Dot's product development and management functions company-wide.
Mr. Duehring will now hold the position of Chief Marketing Officer,
Executive Vice President of Retail Customer Acquisition. In this
capacity, Eric will be responsible for Green Dot's retail customer
acquisition channels, including Walmart. Mr. Duehring will also oversee
Green Dot’s branding, marketing and advertising functions company-wide.
Mr. Streit offered the following remarks about these senior management
changes. “During almost nine years together as friends and partners,
Mark Troughton and I celebrated many triumphs and shared numerous
personal and professional milestones, including our 2010 IPO, as we
built this company into what it is today. I am quite sure Mark’s
influence and impact on Green Dot will endure for years to come. As his
long time business partner and as a large Green Dot investor, I am
forever thankful for his many contributions. At the same time, Mark's
decision to leave allows for our next generation of talented revenue
leaders to grow their careers at Green Dot and assume the positions for
which they have been groomed. While we will all miss Mark, I am
confident that Eric and Kostas will energize our revenue initiatives
company-wide as they approach the business with their own unique vigor
and enthusiasm."
About Green Dot
Green Dot is a publicly traded (NYSE:GDOT) bank holding company
regulated by the Board of Governors of the Federal Reserve System.
The Company provides widely distributed, low cost banking and payment
solutions to a broad base of U.S. consumers. Green Dot's products and
services include its market leading category of General
Purpose Reloadable (GPR) prepaid cards and its industry-leading cash
transfer network which are available directly to consumers online and
through a network of approximately 58,000 retail stores nationwide where
95% of Americans shop. Green Dot is headquartered in the greater Los
Angeles area. For more details, visit www.greendot.com.
Source: Green Dot Corporation
Green Dot Corporation
Investor Relations
Christopher
Mammone, (626) 739-3942
IR@greendot.com
or
Media
Relations
Liz Brady, (646) 277-1226
