Former MasterCard exec Selander joins Western Union board
17 July 2014 | 1734 views | 0
Source: Western Union
The Western Union Company (NYSE: WU), a leader in global payment
services, today announced that Robert W. Selander has been appointed to
the company's Board of Directors, effective July 17, 2014, to serve
until the next annual election of directors in 2015.
Mr. Selander will serve on the Compensation and Benefits and Compliance
Committees of the Board.
"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," said
Western Union President and Chief Executive Officer Hikmet Ersek. "We
are looking forward to the significant payments expertise that Mr.
Selander brings to the table."
Mr. Selander served as Executive Vice Chairman of MasterCard
Incorporated and MasterCard International from July 2010 until December
2010. Previously, Mr. Selander was CEO of MasterCard Incorporated and
MasterCard International from April 1997 until July 2010. In addition,
until August 2009, Mr. Selander was President of MasterCard Incorporated
and MasterCard International from June 2002 and April 1997, respectively.
Prior to his election as President and CEO of MasterCard International
in April 1997, Mr. Selander was Executive Vice President and President
of the MasterCard International Europe, Middle East, Africa and Canada
Before joining MasterCard in 1994, Mr. Selander spent two decades with
Citicorp and Citibank, N.A.
"We believe Mr. Selander will be an excellent addition to our Board,"
said Jack M. Greenberg, Non-Executive Chairman of the Board of Western
Union. "In addition to his experience as CEO of MasterCard, he also has
substantial public company board experience, having served as a director
of MasterCard and the Hartford Financial Services Group."