SOURCE: Blackhawk Network

Blackhawk Network

August 18, 2010 09:00 ET

Blackhawk Network Announces Management Changes

PLEASANTON, CA--(Marketwire - August 18, 2010) -  Blackhawk Network, a leading provider of prepaid and financial payments products, today announced that Don Kingsborough has been appointed the company's executive chairman of the Board of Directors. Under Kingsborough's stewardship, as a founder and CEO, Blackhawk has grown to become one of the world's leading prepaid card providers for consumers through a vast network of grocery, drug, convenience and mass retailers. Kingsborough's role as executive chairman will allow him to focus on exploring new business opportunities, rather than day to day operations. 

In conjunction with this move, William Y. Tauscher will assume the position of chief executive officer. Tauscher brings his substantial business experience to Blackhawk Network as the company moves into a new phase of growth and operations. Tauscher, formerly Blackhawk's executive chairman, has served as managing member of the Tauscher Group, a company that invests and assists in the management of enterprises involved with home products, transportation, telecommunications and real estate. Tauscher's proven track record includes taking companies the size of Blackhawk Network and growing them into large successful entities.

About Blackhawk Network
Blackhawk Network is a leading provider of prepaid and financial payments products for consumers and businesses. The company's Gift Card Mall™ offers the industry's most popular prepaid gift card and telecom products. Gift Card Mall reaches more than 165 million people each week through an exclusive network of leading grocery, big box, convenience, drug, and specialty stores and is available through Internet retailers including GiftCardMall.com. Blackhawk Network's business solutions include reward and incentive programs that offer choice and flexibility through a wide array of card brands, custom designed Visa® prepaid cards and fulfillment options.

Headquartered in Pleasanton, California, Blackhawk Network has offices in the United States, Australia, Canada, France, Japan, Mexico and the United Kingdom. For more information about Blackhawk Network visit www.blackhawknetwork.com and www.giftcardmall.com 

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