NEW YORK–(BUSINESS WIRE)– The Western Union Company (NYSE: WU), a leader in global payment services, held its Annual Meeting of stockholders today and reiterated its strategic focus on maintaining leadership in the traditional retail money transfer business, expanding its digital money transfer business, and leveraging its cross-border platform to serve new consumer segments.
“Building on a solid business foundation, strong cash flow, earnings per share, stable operating margin and delivery on outlook, 2015 at Western Union was a year defined by continued positive business momentum,” said Western Union President and CEO Hikmet Ersek.
“Our performance reflects the evolution of our business model and our leadership in providing cross-border, cross-currency money movement. At the center of our business is our mastery of complex cross-border transactions, making things easier and simpler for consumers and businesses to move money worldwide.”
Stockholders voted to elect Martin I. Cole, Hikmet Ersek, Richard A. Goodman, Jack M. Greenberg, Betsy D. Holden, Jeffrey A. Joerres, Roberto G. Mendoza, Michael A. Miles, Jr., Robert W. Selander, Frances Fragos Townsend and Solomon D. Trujillo to the company’s board of directors.
Stockholders also voted to: (1) approve on an advisory basis the compensation of the company’s named executive officers, as set forth in the company’s proxy statement for the 2016 Annual Meeting; and (2) ratify the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm for 2016. Stockholders did not approve stockholder proposals regarding: (1) political contributions disclosure; and (2) the creation of an additional committee of the board of directors.
About The Western Union Company
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, 2016, 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, and included the capability to send money to over one billion accounts. In 2015, The Western Union Company completed 262 million consumer-to-consumer transactions worldwide, moving $82 billion of principal between consumers, and 508 million business payments. For more information, visit www.westernunion.com.
Source: Western Union