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Published in Stocks and Investing on Friday, February 20th 2009 at 11:59 GMT, Last Modified on 2009-02-20 11:59:49 by Market Wire
ENGLEWOOD, Colo.--([ BUSINESS WIRE ])--The Western Union Company (NYSE: WU), the worldwide leader in money transfer services, today announced the appointment of Ranjana B. Clark to executive vice president, Global Payments and Global Strategy. Clark, 48, replaces Royal Cole who will play an integral role in the transition of the Payments business and completion of several strategic development projects before he leaves the company in the next few months.
"We look forward to accelerating the global expansion of our consumer-to-business payment offering. We are confident that Ranjana can apply her strategic and international expertise to build our global footprint in the important Payments arena," said Christina A. Gold, president and chief executive officer of The Western Union Company. "We appreciate Royal's significant contributions to the company. He was instrumental in building the Agent Network Management organization in the United States and played a key leadership role in expanding our Payments business in Argentina, Peru and Panama. We will miss him and wish him continued success."
Clark has served in a variety of leadership positions at Wells Fargo, Wachovia and Deutsche Bank. As the Chief Marketing Officer at Wachovia, she developed a fully integrated marketing division focused on insight, innovation, brand development, customer loyalty and acquisition. During her almost 20 years at Wells Fargo and Wachovia, she has also served as head of the Treasury Services Division, head of Strategic Planning and head of Capital Markets Strategic Development. Prior to that, Clark spent five years with Deutsche Bank in Mumbai.
Clark will join Western Union in late March as a member of the executive committee, reporting to Gold. She will be based in Englewood, Colorado.
About Western Union
The Western Union Company (NYSE:WU) is a leader in global money transfer services. Together with its affiliates, Orlandi Valuta and Vigo, Western Union provides consumers with fast, reliable and convenient ways to send and receive money around the world, as well as send payments and purchase money orders. It operates through a network of more than 375,000 Agent locations in over 200 countries and territories. Famous for its pioneering telegraph services, the original Western Union dates back to 1851. For more information, visit [ www.westernunion.com ].
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