NEW YORK--(BUSINESS WIRE)--
The Western Union Company (NYSE: WU), a leader in global payment
services, today announced that Jeffrey A. Joerres has been elected as
the company’s non-executive chairman of the board of directors. Mr.
Joerres succeeds Jack Greenberg, who after serving as non-executive
chairman since 2006, has announced his retirement.
“Jack’s vision helped guide Western Union through one of the most
transformative periods for the company, while continuing as a global
leader in cross-border payments. It is an honor to have worked with
Jack, we are thankful for his many years of service,” said Hikmet Ersek,
President and CEO. “Today, we are in the midst of a very exciting period
in the company’s history. Together with the board, I look forward to
working with our chairman Jeff, in building upon our solid foundation to
accelerate the business and drive continued shareholder value.”
Mr. Joerres has been a member of the Western Union board since 2015.
During this time, he served on Corporate Governance and Public Policy
Committee and the Compensation and Benefits Committee.
He brings extensive global business, leadership and financial services
experience, serving as CEO and chairman of the board of ManpowerGroup,
as well as director of the Federal Reserve Bank of Chicago board of
directors. He currently serves as a director of Johnson Controls
International plc, Artisan Partners Asset Management Inc., the Committee
for Economic Development, and is chair of the Future Workforce Committee
of the Greater Milwaukee Committee.
Mr. Greenberg helped guide Western Union as it became a stand-alone,
publicly traded company in 2006. During his tenure, the company
transitioned its focus to digital money transfer and introduced an
online and mobile presence, including the formation of Western Union
Business Solutions.
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, 2017, the Western Union, Vigo and
Orlandi Valuta branded services were offered through a combined network
of over 550,000 agent locations in 200 countries and territories and
over 150,000 ATMs and kiosks, and included the capability to send money
to billions of accounts. In 2016, The Western Union Company completed
268 million consumer-to-consumer transactions worldwide, moving $80
billion of principal between consumers, and 523 million business
payments. For more information, visit www.westernunion.com.
WU-G
View source version on businesswire.com: http://www.businesswire.com/news/home/20170511006219/en/
Source: The Western Union Company