THE WESTERN UNION COMPANY (NYSE:WU) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b)
On September 18, 2017, J. David Thompson, Executive Vice President, Global Operations and Technology, Chief Technology Officer, of The Western Union Company (the “Company”) notified the Company of his decision to resign from his position to pursue other business opportunities. Mr. Thompson will remain with the Company until December 1, 2017, to assist with transitional matters. Sheri Rhodes, the Company’s Chief Technology Officer, Global Payments and Digital, will work closely with Mr. Thompson in transition and will serve as Acting Chief Technology Officer until the Company names a permanent successor.
About THE WESTERN UNION COMPANY (NYSE:WU)
The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. Western Union’s Consumer-to-Consumer segment is engaged in individual money transfers from one consumer to another. The Company’s Consumer-to-Business segment provides options to make one-time or recurring payments from consumers to businesses and other organizations, including utilities, auto finance companies, mortgage servicers, financial service providers, government agencies and other businesses. Western Union’s Business Solutions segment facilitates payment and foreign exchange solutions, primarily cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals. The Company’s services are primarily available through a network of agent locations in approximately 200 countries and territories.
