ENGLEWOOD, Colo.--(BUSINESS WIRE)--
The Western Union Company (NYSE: WU), a leader in global payment
services, today announced, following an extensive global search, the
appointment of Raj K. Agrawal as Executive Vice President and Chief
Financial Officer.
Agrawal, a highly respected global finance and business leader with more
than 20 years of business experience, most recently served as Western
Union Executive Vice President and Interim Chief Financial Officer,
after previously holding the position of President of Western Union
Business Solutions from 2011 through 2013.
“Raj brings to the CFO role a strong combination of global financial,
business and operational experience with an excellent track record in
finance, capital markets, strategy and investor relations,” said Western
Union President and Chief Executive Officer
Hikmet Ersek
. “As Western
Union continues to transform, the Board and I have been fortunate to
work closely with Raj and believe his financial acumen, global mindset,
experience, integrity and passion for our business are key for the role.”
Agrawal, 49, joined Western Union in 2006 as Treasurer and also has
served as Senior Vice President of Finance for Europe, Middle East,
Africa and Asia Pacific. Prior to joining Western Union, Agrawal held
senior financial roles at Deluxe Corporation and General Mills, and he
began his career at General Motors and later the Chrysler Corporation.
“I firmly believe in the Western Union business model and remain
confident in its potential,” Agrawal said. “I look forward to continuing
to work closely with Hikmet, the Western Union Board of Directors, our
employees and all of our stakeholders to drive long-term profitable
growth in our business.”
Agrawal, born in India, has a broad international background, with work
experience in Austria, Canada, the United Kingdom and the United States.
He holds an MBA from Columbia University.
About Western Union
The Western Union Company (NYSE: WU) is a leader in global payment
services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western
Union Business Solutions branded payment services, Western Union
provides consumers and businesses with fast, reliable and convenient
ways to send and receive money around the world, to send payments and to
purchase money orders. As of March 31, 2014, the Western Union, Vigo and
Orlandi Valuta branded services were offered through a combined network
of over 500,000 agent locations in 200 countries and territories and
over 100,000 ATMs. In 2013, The Western Union Company completed 242
million consumer-to-consumer transactions worldwide, moving $82 billion
of principal between consumers, and 459 million business payments. For
more information, visit www.westernunion.com.
WU-G, WU-F
Source: Western Union