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.
Source: The Western Union Company