Larry Angelilli
to Become Executive Vice Chairman
DALLAS, Aug. 4, 2022
/PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) (the
"Company"), a global leader in the evolution of digital P2P
payments, today announced that Brian
Johnson, who currently serves as Head of Corporate Finance
and Global Treasurer, has been named Chief Financial Officer,
effective September 1, 2022. He
succeeds Larry Angelilli, who has
been appointed Executive Vice Chairman of MoneyGram, effective on
the same date. In this role, Angelilli will help ensure an orderly
transition of the CFO role and assist on external relations and
other strategic matters.
MoneyGram also announced that Anna
Greenwald, who currently serves as Chief Readiness Officer,
has been appointed Chief Operating Officer, effective immediately.
In addition to her existing responsibilities, which include
oversight of global go-to-market, product, customer care, agent
network oversight and engagement and global regulatory exam
readiness, Greenwald will also assume responsibility for the global
IT organization.
Alex Holmes, Chairman and CEO of
MoneyGram, said, "Brian has been a vital member of our team over
the past several years, providing invaluable financial, strategic
and operational insight that has been instrumental in supporting
the Company's execution of its strategic business plans. I am
pleased that we will continue to benefit from his unique
perspectives and expertise as CFO as we work to advance our digital
growth strategy and complete our transaction with Madison Dearborn
Partners."
"I am honored to be stepping into the CFO role at such an
exciting time for MoneyGram," Johnson said. "I look forward to
working with Alex and the rest of the management team to position
the Company for its next chapter of growth and value creation."
Holmes continued, "As Chief Readiness Officer, Anna has played a
key role in transforming the business to better serve our customers
and agents, enabling us to continue to execute on our digital
transformation. This is a well-deserved promotion, and we are
confident she will step into her new role seamlessly."
"I am grateful for the opportunity to contribute to MoneyGram's
future success in this expanded role," Greenwald said. "I am
confident in our strategy and ability to continue expanding our
capabilities and product offerings to meet the needs of our
customers."
Holmes concluded, "On behalf of the Board and management team, I
would like to recognize Larry for his leadership as CFO as well as
his dedication to MoneyGram over the past 11 years. He has
contributed in many ways to the Company's digital transformation
and helped to further strengthen one of the strongest brands in the
industry. We look forward to continuing to benefit from Larry's
experience and knowledge in his new role as Executive Vice
Chairman."
"I am proud of all we have accomplished during my time as CFO
and feel privileged to work alongside such an incredible team of
people," Angelilli said. "I look forward to supporting Alex, Brian,
Anna and the rest of the team as they continue to innovate and
transform MoneyGram's business."
About Brian Johnson
Brian Johnson was appointed Head
of Corporate Finance and Global Treasurer in January 2021, where he oversees all treasury,
financial planning and analysis ("FP&A"), pricing and M&A
activity. He joined MoneyGram in July
2018 as Head of Corporate FP&A and M&A, responsible
for overseeing the Company's corporate FP&A function and
M&A activity.
Prior to joining MoneyGram, Johnson was a Managing Director at
Commerce Street Capital where he advised clients on acquisitions
and divestitures. His professional experience also includes tenures
with Hudson Advisors/Lone Star Funds and Bear Stearns.
Johnson holds a Bachelor of Science in Mechanical Engineering
from Bucknell University and holds the
Chartered Financial Analyst and Certified Valuation Analyst
designations.
About Anna Greenwald
Anna Greenwald was appointed
Chief Readiness Officer in March 2021
and is responsible for leading the Company's go-to-market strategy,
agent network oversight and engagement and global regulatory exam
readiness. She joined MoneyGram in 2011, previously holding
positions in the Product, Technology and Operations
departments.
Prior to joining MoneyGram, Greenwald worked for Boston
Scientific, Qumu and other leading technology companies where she
led business model transformation, global expansion initiatives,
managed merger activities and oversaw compliance remediation
efforts.
Greenwald holds a Master of Business Administration from the
University of Colorado, a Master of
Science from Metropolitan State
University, and a Bachelor of Science from Minnesota State University.
About MoneyGram International, Inc.
MoneyGram International, Inc. (NASDAQ: MGI), a global leader in
the evolution of digital P2P payments, delivers innovative
financial solutions to connect the world's communities. With a
purpose-driven strategy to mobilize the movement of money, a strong
culture of fintech innovation, and leading customer-centric
capabilities, MoneyGram has grown to serve over 150 million people
in the last five years. The Company leverages its modern, mobile,
and API-driven platform and collaborates with the world's top
brands to serve consumers through its direct-to-consumer digital
channel, global retail network, and embedded finance business for
enterprise customers. MoneyGram is also a leader in pioneering
cross-border payment innovation and blockchain-enabled settlement.
For more information, please visit ir.moneygram.com, follow
@MoneyGram on social media, and explore the website and mobile app
through moneygram.com.
Forward Looking Statements
The information included herein contains forward-looking
statements which are protected as forward-looking statements under
the Private Securities Litigation Reform Act of 1995 that are not
limited to historical facts, but reflect the Company's current
beliefs, expectations or intentions regarding future events and
speak only as of the date they are made. Words such as "may,"
"might," "will," "could," "should," "would," "expect," "plan,"
"project," "intend," "anticipate," "believe," "estimate,"
"predict," "potential," "pursuant," "target," "forecast,"
"outlook," "continue," "currently," and similar expressions are
intended to identify such forward-looking statements. The
statements in this communication that are not historical statements
are forward-looking statements within the meaning of the federal
securities laws. Specific forward-looking statements include, among
others, statements regarding the expected completion of the
proposed transaction with Madison Dearborn Partners ("MDP").
Forward-looking statements are subject to numerous risks and
uncertainties that are difficult to predict and many of which are
beyond the Company's control, which could cause actual results to
differ materially from the results expressed or implied by the
statements. These risks and uncertainties include, but are not
limited to: the timing to consummate the proposed transaction with
MDP; the satisfaction of the conditions to closing of the proposed
transaction or the debt financing may not be satisfied or that the
closing of the proposed transaction otherwise does not occur; the
risk that a regulatory approval that may be required to consummate
the proposed transaction is not obtained or is obtained subject to
conditions that are not anticipated or conditions that MDP is not
obligated to accept; the diversion of management time on
transaction-related issues; expectations regarding regulatory
approval of the transaction; actions by third parties, including
governmental agencies; global economic conditions; adverse industry
conditions; adverse credit and equity market conditions; the loss
of, or reduction in business with, key customers; legal
proceedings; the ability to effectively identify and enter new
markets; governmental regulation; the ability to retain management
and other personnel; and other economic, business, or competitive
factors.
Additional information concerning factors that could cause
actual results to differ materially from those in the
forward-looking statements is contained from time to time in the
Company's filings with the SEC. The Company's SEC filings may be
obtained by contacting the Company, through the Company's web site
at ir.moneygram.com or through the SEC's Electronic Data Gathering
and Analysis Retrieval System at www.sec.gov. The Company
undertakes no obligation to publicly update or revise any
forward-looking statement.
Contacts
MoneyGram
Sydney
Schoolfield
media@moneygram.com
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SOURCE MoneyGram