Kuan Archer to lead Technology. Jim Koster to lead Human Resources
PASADENA, Calif.--(BUSINESS WIRE)--Nov. 15, 2012--
Green Dot Corporation (NYSE: GDOT) announced the hiring of two key
executives, Kuan Archer and Jim Koster, and related organizational
changes.
Kuan Archer has joined the Company as Chief Technology Officer /
Executive Vice President of Product Development. In this role, Mr.
Archer is responsible for leading Green Dot's entire technology
organization including software development and network operations.
Prior to joining Green Dot, Mr. Archer was Senior Vice President of
Product Development at Rovi Corporation, formerly known as Macrovision.
At Rovi he was responsible for all of Rovi's Cloud Services, eCommerce,
and Platform As A Service product lines, as well as development
operations across Web, PC/Mac, and Mobile (iOS, Android) platforms. Mr.
Archer’s prior experience also includes holding senior roles at
Symantec, where he was responsible for platform architecture and product
development for a number of Symantec's cloud-based identity protection
offerings for financial institutions and eCommerce providers, and
various leadership and development roles at Microsoft Corporation, where
he worked for nearly a decade. Mr. Archer received a B.S. degree from
the University of Texas at Austin, and an M.B.A. degree from the
University of Washington. He holds multiple patents and patents pending
in the areas of Cloud Services connectivity and Internet Security, and
has been a featured speaker at a number of notable industry conferences
and Universities.
Jim Koster has been recruited to join Green Dot as Senior Vice President
of Human Resources, commencing in December 2012. Mr. Koster joins Green
Dot from Starbucks Corporation, where he was responsible for human
resources for Starbucks’ Europe, Middle East and Africa and Asia Pacific
regions. Prior to that position, Jim oversaw human resources for
Starbucks' U.S. business. Prior to Starbucks, Jim served in senior human
resources leadership roles at Honeywell and Dell. Mr. Koster is a proven
leader in people management, organizational structure and talent
recruitment.
In connection with Kuan’s appointment, Sam Altman has been named
Executive Vice President of Mobile Products and Technology. Mr. Altman
joined Green Dot following its March 2012 acquisition of Loopt, Inc.,
where he served as Chief Executive Officer. He is known as a mobile
technology leader and innovator in Silicon Valley and the inventor of
Geolocation mobile messaging—the practice of sending a commercial
message to a mobile phone based on its location. Green Dot now owns the
patent for that invention as a result of its acquisition of Loopt.
Mr. Archer, Mr. Altman and Mr. Koster will report directly to Green Dot
Chairman and Chief Executive Officer, Steve Streit. In addition to these
organizational changes, William D. Sowell, Chief Operating Officer, has
resigned his position effective November 16th and will remain with the
Company until December 30th, 2012 in order to provide transitional
services.
Green Dot Chairman and Chief Executive Officer Steve Streit stated,
"Will Sowell has done a fine job for Green Dot and we thank him for his
many contributions."
"With the appointment of Kuan Archer to lead technology and the ongoing
focus of Sam Altman to bring industry leading mobile banking products to
market, Green Dot is executing on its resolve to become a leading
financial services technology company with the best technology and the
best products in the banking industry. Furthermore, with the appointment
of Jim Koster, we are demonstrating our commitment to have only the best
people work at Green Dot in an environment that encourages innovation,
accountability and performance," added Mr. Streit.
About Green Dot Corporation
Green Dot Corporation is a Bank Holding Company with a mission to
reinvent personal banking for the masses. Its market leading brand of
prepaid debit cards and prepaid reload services are available to
consumers at more than 60,000 retail locations nationwide and online at
greendot.com. The company is headquartered in Pasadena, California with
technology offices in Mountain View, California and Westlake Village,
California and its bank subsidiary, Green Dot Bank, located in Provo,
Utah.
Source: Green Dot Corporation
Investor Relations
Christopher Mammone, 626-765-2427
IR@greendot.com
or
Media
Relations
Liz Brady DiTrapano, 646-277-1226
Liz.DiTrapano@icrinc.com
