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 to the company’s Board of Directors, effective May 15, 2015, to serve until the next annual election of directors in 2016.
Mr. Joerres will serve on the Corporate Governance and Public Policy Committee and the Compensation and Benefits Committee of the Board of Directors.
“Mr. Joerres brings to Western Union extensive global business, leadership and financial services experience, as executive chairman of ManpowerGroup and director of the Federal Reserve Bank of Chicago board of directors,” said Western Union President and Chief Executive Officer Hikmet Ersek. “We look forward to welcoming Mr. Joerres to the board as we continue to transform the business to meet cross-border payments needs for consumers and businesses.”
Mr. Joerres has served as executive chairman of ManpowerGroup since May 2014. From 1999 to 2014, Mr. Joerres served as CEO of ManpowerGroup and from 2001 to 2014, he served as Chairman of the Board. Mr. Joerres joined ManpowerGroup in 1993, and served as Vice President of Marketing and Senior Vice President European Operations and Marketing and Major Account Development.
Mr. Joerres is the former Chair and current director of the Federal Reserve Bank of Chicago board of directors, and serves as a director of Johnson Controls, Inc., Artisan Partners Asset Management and the Committee for Economic Development, and is chair of the Future Workforce Committee of the Greater Milwaukee Committee. Mr. Joerres served as a director of Artisan Funds, Inc. from 2001 to 2011.
“We believe Joerres is an excellent addition to our Board,” said Jack M. Greenberg, Non-Executive Chairman of the Board of Western Union.
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.
Source: Western Union