Money transfer service MoneyGram announces significant enhancements to its Board of Directors lineup
MoneyGram Strengthens Board with Three New Appointees
MoneyGram, a leading global payments network, has announced the appointment of three new independent members to its Board of Directors. The new appointees, Colin Walsh, Chris Trendler, and Katherine Carroll, bring a wealth of experience in digital finance, organizational effectiveness, and public policy to the table.
Anthony Soohoo, Chairman and CEO of MoneyGram, expressed his excitement about the new appointments, stating that the appointees' leadership in high-growth, regulated global financial technology businesses will provide valuable insight.
Digital Transformation
Colin Walsh, founder of Varo Bank, brings experience in digital banking and advancing financial inclusion. This expertise will help MoneyGram scale its cross-border platform and enhance its digital offerings.
Regulatory and Policy Insights
Katherine Carroll, a former executive at Stripe, provides valuable insights into navigating complex regulatory environments, which is essential for a global payments network like MoneyGram.
Operational Efficiency
Chris Trendler, the founding partner of Pendra Group, contributes to organizational effectiveness, which can improve MoneyGram's operational efficiencies and drive business growth.
Focus
The appointments underscore MoneyGram's focus on making cross-border transactions seamless, affordable, and secure. This aligns with the company's mission to connect people across more than 200 countries and territories.
By bringing in leaders with a track record in high-growth, regulated global financial technology businesses, MoneyGram is poised to accelerate its re-founding journey and leverage new technologies to drive further growth.
Overall, the additions to the Board are designed to propel MoneyGram forward in its goal of transforming the global payments landscape through innovation and strategic leadership. With a strong and well-rounded Board in place, MoneyGram is positioned to benefit from a balanced mix of expertise, experience, and diverse backgrounds to effectively oversee the business and support its long-term growth.
Sources:
[1] MoneyGram Press Release, "MoneyGram Appoints Three New Independent Members to its Board of Directors," 13th April 2023. Accessed 14th April 2023. https://www.moneygram.com/news/press-releases/moneygram-appoints-three-new-independent-members-to-its-board-of-directors
- Visiting ffnews.com, one can find the article announcing the appointment of three new independent members to MoneyGram's Board of Directors, who bring expertise in digital finance, regulatory environments, and organizational effectiveness.
- The addition of these new board members with backgrounds in high-growth global financial technology businesses will contribute to MoneyGram's objective of driving innovation and transforming the global payments landscape.
