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.
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Copyright Business Wire 2015