The Western Union Company (NYSE: WU), a leader in global payment
services, today announced the appointment of Elizabeth G. Chambers to
the newly-created role of Chief Strategy and Product Officer.
Chambers will play an integral role in positioning Western Union to
accelerate the realization of its strategic growth plan. She will
facilitate the alignment of investment priorities across the
organization and drive cross-functional synergies, as the company
pursues its omni-channel strategy to enhance and grow its consumer
retail, digital and B2B businesses.
“We are thrilled that Elizabeth will be assuming leadership of this
important role within our organization,” said Western Union President
and Chief Executive Officer Hikmet Ersek. “She brings an excellent track
record of omni-channel development and brand transformation to the
Western Union team. Her expertise in developing market-leading products
and partnerships will be critical as we execute on our strategic
vision.” Chambers will report to Ersek.
Chambers has 30 years of business experience that spans financial and
professional services, corporate strategy and marketing in a global,
multi-business context, as well as start-ups and turnarounds. Most
recently, she has been a board director and advisor to financial
institutions, and served as Chief Marketing and Business Development
Officer at Freshfields Bruckhaus Deringer, the international law firm.
Prior to that position, she held a range of senior marketing roles at
Barclays plc, including as Chief Marketing Officer of retail and
commercial banking and Barclaycard. Her tenure at Barclays was marked by
a string of market-leading product innovations and partnerships, as well
as digital channel development and brand transformation. Before joining
Barclays, Chambers held C-suite level strategy, marketing and new
business development roles at Bank of America, the Reader’s Digest
Association and Bingham McCutchen. Earlier in her career, Chambers was a
Partner in the Financial Institutions and Organization practices at
McKinsey & Company. While at McKinsey, Chambers co-authored the “War for
Talent” study, published in Fast Company, the Harvard Business
Review and several other publications, including the McKinsey
Quarterly.
“Western Union is well positioned to transform the money transfer and
payments experience for its global consumers and business customers, and
I am excited to help them advance their client focused-strategies,” said
Chambers. “I am attracted to the Western Union brand because of its
world-class infrastructure, geographic reach and risk management
capabilities, and its commitment to innovative application of technology
to deliver faster, more effective ways of moving money across borders. I
am confident that Western Union’s outstanding brand, technical backbone,
and customer understanding will be the keys to delivering
industry-leading products and accelerating growth.”
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 September 30, 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, and included
the capability to send money to hundreds of millions of accounts. 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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