MoneyGram names Gary Ferrera as new CFO

MoneyGram Appoints Gary Ferrera as New CFO

• Appointment Details:
  • New CFO: Gary Ferrera
  • Effective Date: 10 June 2024
  • Predecessor: Larry Angelilli (retiring after nearly a year in the role)
  • Reporting To: Alex Holmes, chairman and CEO of MoneyGram
• Responsibilities:
  • Lead finance, accounting, tax, and treasury operations.
  • Support continued growth and digitisation of MoneyGram’s business.
• Professional Background:
  • Former CFO roles at:
    • DigitalGlobe (imagery solutions firm)
    • Cardtronics (ATM operator)
    • Driven Brands (automotive services provider)
• Company Background:
  • Founded: 1940
  • Headquarters: Dallas, Texas
  • Specialization: Cross-border P2P payments and money transfers
  • Global Reach: Serves over 50 million people in 200 countries
  • Transaction Volume: Processes over $200 billion annually
• Recent Leadership Additions:
  • Seth Ross as chief digital officer
  • Edwina Johnson as general manager (appointed in November)

Key Points

• Leadership Transition:
  • Ferrera is succeeding Larry Angelilli, contributing to a smooth leadership transition at MoneyGram.
• Strategic Focus:
  • Ferrera’s role will emphasize financial oversight and the continued digital transformation of MoneyGram’s services.
• Industry Experience:
  • Ferrera brings a wealth of experience from previous CFO positions in various sectors, enhancing his capability to drive MoneyGram’s financial strategy.
• Organizational Growth:
  • The appointment is part of MoneyGram’s broader strategy to strengthen its executive leadership team and support its global operational goals.