NEW YORK--(BUSINESS WIRE)--
The Western Union Company (NYSE: WU) held its Annual Meeting today and
reiterated its strategy while emphasizing its vision to be a global
leader in cross-border, cross-currency money transfers for consumers and
businesses.
“Western Union’s transformational strategy and plans for innovation are
delivering good results, and we are pleased with the business
performance we delivered in 2014,” said Western Union President and CEO
Hikmet Ersek. “Our transformation strategies are working, and we’re
executing on the core elements of our plan.”
Stockholders voted to elect Hikmet Ersek, Richard A. Goodman, Jack M.
Greenberg, Betsy D. Holden, Linda Fayne Levinson, Roberto G. Mendoza,
Michael A. Miles, Jr., Robert W. Selander, Frances Fragos Townsend and
Solomon D. Trujillo to serve as members of the board of directors until
the company’s 2016 Annual Meeting of Stockholders. In addition,
stockholders also voted to elect Jeffrey A. Joerres, who has been
executive chairman of Manpower Group since May 2014, as a new member of
the board of directors.
Stockholders also voted to approve: (1) on an advisory basis, the
compensation of the Company’s named executive officers, as set forth in
the company’s proxy statement for the 2015 Annual Meeting; (2) The
Western Union Company 2015 Long-Term Incentive Plan; and (3) the
appointment of Ernst & Young LLP as the company’s independent registered
public accounting firm for 2015. Stockholders did not approve
stockholder proposals regarding: (1) stockholder action by written
consent; (2) political contributions; and (3) the creation of an
additional committee of the board of directors.
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, 2015, 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 and kiosks. In 2014, The Western Union Company
completed 255 million consumer-to-consumer transactions worldwide,
moving $85 billion of principal between consumers, and 484 million
business payments. For more information, visit www.westernunion.com
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Source: Western Union