The Western Union Company (WU), a leader in global payment services, today announced, following an extensive global search, the appointment of Raj K. Agrawal as Executive Vice President and Chief Financial Officer.
Agrawal, a highly respected global finance and business leader with more than 20 years of business experience, most recently served as Western Union Executive Vice President and Interim Chief Financial Officer, after previously holding the position of President of Western Union Business Solutions from 2011 through 2013.
"Raj brings to the CFO role a strong combination of global financial, business and operational experience with an excellent track record in finance, capital markets, strategy and investor relations," said Western Union President and Chief Executive Officer Hikmet Ersek. "As Western Union continues to transform, the Board and I have been fortunate to work closely with Raj and believe his financial acumen, global mindset, experience, integrity and passion for our business are key for the role."
Agrawal, 49, joined Western Union in 2006 as Treasurer and also has served as Senior Vice President of Finance for Europe, Middle East, Africa and Asia Pacific. Prior to joining Western Union, Agrawal held senior financial roles at Deluxe Corporation and General Mills, and he began his career at General Motors and later the Chrysler Corporation.
"I firmly believe in the Western Union business model and remain confident in its potential," Agrawal said. "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, born in India, has a broad international background, with work experience in Austria, Canada, the United Kingdom and the United States. He holds an MBA from Columbia University.