Western Union announces organizational change

CFO Mr. Scheirman leaves.

Western Union, has announced that Scott T. Scheirman, Executive Vice President and Chief Financial Officer, will be leaving the company on February 28, 2014.

Mr. Scheirman will continue to serve as the Chief Financial Officer through to December 31, 2013, and then he will serve as a senior advisor as the company search for a new candidate. Raj K. Agrawal, currently Executive Vice President, and President of Western Union Business Solutions, will serve as Interim Chief Financial Officer, with immediate effective as of January 1, 2014.

Mr. Agrawal, 48, joined the Company in 2006 and has served as an Executive Vice President, President of Western Union Business Solutions, General Manager of Western Union Business Solutions, and Senior Vice President of Finance.

“Scott has been an excellent CFO and trusted business partner. I am grateful for his strategic leadership in driving Western Union’s global growth and building a strong financial foundation for our future. Scott has built a high-performing finance team, and his integrity and high ethical standards have helped set the bar for our organization. I know that I speak on behalf of every employee at Western Union in wishing him the best of success in his future endeavours,” said President and Chief Executive Officer, Hikmet Ersek.

Mr. Scheirman said, “I have had an outstanding experience at Western Union and I am proud to have contributed to a company that provides such meaningful services to so many people around the globe. The timing was right for a change and I am looking forward to taking on new challenges. I wish my colleagues and the company the very best under Hikmet Ersek’s leadership.”

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