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MoneyGram’s Executive Chairman Assumes Additional Role Of CEO

Expected to focus on strengthening the company's position in the worldwide payments industry

MoneyGram has announced that the company’s executive chairman, Pamela Patsley will be assuming the additional role of CEO succeeding Anthony Ryan, effective immediately. Additionally, Mr. Ryan has resigned from the board of directors.

Ms. Patsley has served as executive chairman of MoneyGram since January 2009. Prior to joining MoneyGram, she spent seven years at First Data, most recently as president of First Data International, where she was responsible for all the company’s business outside the US.

Seth Lawry, director and chair of the human resources and nominating committee for MoneyGram, said: “We thank Mr. Tony for his valuable contributions to the company and wish him all the best. At the same time, we are very pleased that Ms. Pam has stepped into the role of CEO in addition to her responsibilities as chairman. Over these last months, she has proven to be a terrific addition and we believe that she is the ideal leader to build MoneyGram into a world-class competitor.”

Ms. Patsley said: “I am pleased to be assuming the additional role of CEO at MoneyGram. We will focus our efforts on strengthening MoneyGram’s position in the worldwide payments industry and creating long-term value for all of our stakeholders.”