Western Union appoints new Board of Directors member and CFO

US based financial services and communications is refreshing its managerial staff and has appointed a new board of directors member and a new CFO in the forms of Robert W. Selander and Raj K. Agrawal respectively.

Robert W. Selander will join the board of directors effective today, July 17 2014. Selander served as of CEO of MasterCard Incorporated and MasterCard International from April 1997 until July 2010. In July 2010 Mr. Selander served as Executive Vice Chairman of MasterCard Incorporated and MasterCard International from July 2010 until December 2010.

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Before being appointed CEO,  Selander served as Executive Vice President and President of the MasterCard International Europe, Middle East, Africa and Canada regions. Other relevant financial experience includes positions at Citicorp and Citibank, N.A.

Western Union President and Chief Executive Officer Hikmet Ersek stated on the new appointment, “Mr. Selander has extensive global business, leadership and financial services experience gained during more than 13 years as CEO of MasterCard and in senior positions at Citicorp and Citibank. We are looking forward to the significant payments expertise that Mr. Selander brings to the table.”

Agrawal’s new position as CFO is now permanent after serving as the company’s interim CFO since this last January. He joined Western Union in 2006 and has held key positions as treasurer and also has served as senior vice president of finance for Europe, Middle East, Africa and Asia Pacific.

Before joining Western Union, Agrawal held financial positions at Deluxe Corp. and General Mills. His career began at automotive firms General Motors and later Chrysler LLC.

“I firmly believe in the Western Union business model and remain confident in its potential. I look forward to continuing to work closely with Hikmet, the Western Union board of directors, our employees and all of our stakeholders to drive long-term profitable growth in our business,” Agrawal said on his new position.