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MoneyGram Announces Gary W. Ferrera as Chief Financial Officer

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Ferrera will lead all aspects of finance, accounting, tax and treasury in support of continued growth and digitalization of business

DALLAS, June 10, 2024 /PRNewswire/ — MoneyGram International, Inc. (“MoneyGram” or the “Company”), a leading global financial technology company that connects the world’s communities, today announced the appointment of Gary W. Ferrera as Chief Financial Technology Officer (“CFO”). In this role, Ferrera will lead all financial, accounting, tax and treasury aspects in support of the continued growth and digitalization of the business. He will report directly to Alex Holmes, President and CEO of MoneyGram, and will serve on the executive leadership team. His appointment takes effect today, June 10, 2024.

MoneyGram Announces Gary W. Ferrera as Chief Financial Officer

“We are very excited to welcome Gary to the MoneyGram team,” said Holmes. “An accomplished CFO with global experience across multiple industries, Gary’s dynamic leadership style and ability to quickly adapt will drive innovative business and financial decisions. We look forward to working with Gary to advance our strategic roadmap and long-term growth.”

Ferrera is a seasoned executive with extensive international financial experience, including nearly two decades as a CFO, primarily at publicly traded companies. Bringing a wealth of knowledge from his experience in the fintech and technology sectors, Ferrera most recently served as CFO of Driven Brands, the largest automotive services company in North America. Prior to this role, he served as CFO of Skillsoft and Cardtronics.

“I am excited to join a leader in the international movement of money, especially amid such an exciting chapter of growth and transformation for MoneyGram,” said Ferrera. “I look forward to working with the MoneyGram team as we continue to take bold and strategic steps to achieve our goals.”

Ferrera succeeds Larry Angelilli, who recently announced his retirement. Holmes concluded: “We thank Larry for his immense contributions to MoneyGram during his 12+ year tenure at the company. He has been an incredible partner and leaves a great legacy through the team and foundation he built here at MoneyGram. We wish him him all the best in his retirement.”

About MoneyGram
MoneyGram International, Inc. is a global financial technology company that enables consumers and businesses to move and manage money in nearly every country in the world. Through its innovative cross-border platform, MoneyGram offers millions of consumers around the world the ability to send money home for family and friends to collect in cash or receive directly into a bank account, mobile wallet or card. The company is pioneering the use of blockchain technology at scale and also allows consumers to buy, sell and hold digital currencies on its industry-leading app. With one of the most extensive and dynamic cash distribution networks in the world, MoneyGram has become the largest provider of digital currencies in the world. The MoneyGram team is spread across the world, with more than 2,000 employees in 36 countries, representing more than 75 nationalities. Headquartered in Dallas, Texas, and known globally for its strong company culture, MoneyGram has been named a Top Workplaces USA award winner three years in a row. By the numbers, MoneyGram serves more than 50 million people in more than 200 countries and territories each year, processing more than $200 billion annually. Relentlessly digital-centric and customer-centric, the company’s digital transactions now represent more than 50% of its money transfer business.

Media contact
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SOURCE MoneyGram

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