ENGLEWOOD, Colo.--(BUSINESS WIRE)--
The Western Union Company (NYSE: WU), a leader in global payment
services, today announced that Robert W. Selander has been appointed to
the company’s Board of Directors, effective July 17, 2014, to serve
until the next annual election of directors in 2015.
Mr. Selander will serve on the Compensation and Benefits and Compliance
Committees of the Board.
“Mr. Selander has extensive global business, leadership and financial
services experience gained during more than 13 years as CEO of
MasterCard and in senior positions at Citicorp and Citibank,” said
Western Union President and Chief Executive Officer Hikmet Ersek. “We
are looking forward to the significant payments expertise that Mr.
Selander brings to the table.”
Mr. Selander served as Executive Vice Chairman of MasterCard
Incorporated and MasterCard International from July 2010 until December
2010. Previously, Mr. Selander was CEO of MasterCard Incorporated and
MasterCard International from April 1997 until July 2010. In addition,
until August 2009, Mr. Selander was President of MasterCard Incorporated
and MasterCard International from June 2002 and April 1997, respectively.
Prior to his election as President and CEO of MasterCard International
in April 1997, Mr. Selander was Executive Vice President and President
of the MasterCard International Europe, Middle East, Africa and Canada
Before joining MasterCard in 1994, Mr. Selander spent two decades with
Citicorp and Citibank, N.A.
“We believe Mr. Selander will be an excellent addition to our Board,”
said Jack M. Greenberg, Non-Executive Chairman of the Board of Western
Union. “In addition to his experience as CEO of MasterCard, he also has
substantial public company board experience, having served as a director
of MasterCard and the Hartford Financial Services Group.”
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, 2014, 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. In 2013, The Western Union Company completed 242
million consumer-to-consumer transactions worldwide, moving $82 billion
of principal between consumers, and 459 million business payments. For
more information, visit www.westernunion.com.
Dan DÍaz, +1 720-332-5564
Salop, +1 720-332-8276
Source: Western Union