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
Source: Western Union