NEW YORK, March 25, 2020 /PRNewswire/ -- Starboard
Value LP (together with its affiliates, "Starboard") issued a
statement today regarding its investment in Green Dot Corporation
("Green Dot", or the "Company") (NYSE: GDOT).
"We are pleased that Green Dot has announced the appointment of
Daniel R. Henry as Chief Executive
Officer of the Company. We are highly supportive of this decision
and believe that the Board of Directors has selected the best
candidate after an expeditious, but thorough search process. We
believe that Mr. Henry has the requisite skill set and industry
experience to lead the transformation at Green Dot and focus on
reinvigorating growth and improving profitability. Mr. Henry joins
the Company following a successful career at Netspend and Euronet,
where he has a long track record of creating shareholder
value. We believe that Green Dot is deeply undervalued and
that there are a wide variety of opportunities that exist to unlock
value. We look forward to continuing our constructive dialogue with
the Company regarding operations, strategy, finance, and
governance."
About Starboard Value LP
Starboard Value LP is a
New York-based investment adviser
with a focused and differentiated fundamental approach to investing
primarily in publicly traded U.S. companies. Starboard invests in
deeply undervalued companies and actively engages with management
teams and boards of directors to identify and execute on
opportunities to unlock value for the benefit of all
shareholders.
Investor contacts:
Peter
Feld, (212) 201-4878
Tom Cusack, (212) 201-4814
www.starboardvalue.com
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SOURCE Starboard Value LP