Western Union CEO Hikmet Ersek Recognized for International Influence on Global Issues
June 24 2019 - 8:00AM
Business Wire
Awarded 2019 Global Economy Prize in Business
for contributions addressing major global economic challenges
In a ceremony during the Kieler Woche festival, at Kiel City
Hall, Hikmet Ersek, President and CEO of Western Union, a leader in
cross-border, cross-currency payments, was awarded the Global
Economy Prize in Business.
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(from left) Prof. Daron Acemoglu, Ph.D.,
Professor of Economics, Massachusetts Institute of Technology; Dr.
Wolfgang Schäuble, MdB, President of the German Bundestag, and:
Hikmet Ersek, CEO of Western Union receive the Global Economy Prize
award from Kiel Institute for the World Economy for their
contributions in politics, economics and business, respectively.
(Photo: Business Wire)
Awarded by the Kiel Institute for the World Economy in
partnership with the City of Kiel and Schleswig-Holstein Chamber of
Commerce and Industry (IHK), the prize honors individuals who have
proposed creative, pathbreaking initiatives to promote
globalization and who dare envision a brighter future by addressing
the global problems of our time. It carries no prize money, and is
awarded annually to influential personalities in politics, business
and science.
Speaking on the prospects for globalism in a time of trade wars
and increased nationalism, Ersek offered a message of forceful
assurance. “As responsible leaders, we must commit to shaping this
new globalism into a truly equitable globalism, one dedicated to
inclusion as a core value,” Mr. Ersek said.
During the ceremony, Dr. Wolfgang Schäuble, MdB, President of
the German Bundestag, and Prof. Daron Acemoglu, Ph.D., Professor of
Economics, Massachusetts Institute of Technology, also were honored
for their contributions in politics and economics,
respectively.
Born in Turkey, a citizen of Austria and resident of the United
States, Mr. Ersek draws on his international background to speak
out publicly for the rights of migrants and refugees worldwide. His
unabashed stance as a voice for under-represented populations was
cited by the Global Economy Prize jury in their announcement of his
award.
“Hikmet Ersek is a passionate advocate of globalization and a
socially responsible citizen of the world,” the jury wrote. “He is
particularly successful in balancing the market needs to meet the
goals of Western Union and its shareholders - while championing
social responsibility across the global enterprise.”
In the past year, Mr. Ersek was honored for his meritorious
services to the Republic of Austria with the Decoration of Honor,
and received the WU Manager of the Year 2018 from his Alma Mater,
Wirtschaftsuniversität Wien. In 2016, he also was awarded “Austrian
of the Year” by Die Presse and currently serves as the Austrian
Honorary Consul for Colorado, Wyoming and New Mexico.
Previous recipients of the Global Economy Prize business award
include: Jeffrey Immelt, former CEO of General Electric; Bas van
Abel, founder and CEO of Fairphone B.V.; and Italian fashion
designer Brunello Cucinelli. Additional information about the
Global Economy Prize and this year’s recipients can be found at:
https://www.ifw-kiel.de/institute/events/prizes-and-awards/global-economy-prize/
About Western Union
The Western Union Company (NYSE: WU) is a global leader in
cross-border, cross-currency money movement. Our omnichannel
platform connects the digital and physical worlds and makes it
possible for consumers and businesses to send and receive money and
make payments with speed, ease, and reliability. As of March 31,
2019, our network included over 550,000 retail agent locations
offering Western Union, Vigo or Orlandi Valuta branded services in
more than 200 countries and territories, with the capability to
send money to billions of accounts. Additionally, westernunion.com,
our fastest growing channel in 2018, is available in approximately
70 countries, plus additional territories, to move money around the
world. With our global reach, Western Union moves money for better,
connecting family, friends and businesses to enable financial
inclusion and support economic growth. For more information, visit
www.westernunion.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190624005147/en/
Rachel Rogala, Western Union +1 (303) 808-2674,
Rachel.Rogala@wu.com Mathias Rauck, Kiel Institute for the World
Economy +49 431-8814-411, mathias.rauck@ifw-kiel.de
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