Western Union Expands Board of Directors.New Directors Contribute Additional Global Marketing, Finance and Consumer Expertise DENVER -- The Western Union Company, a worldwide leader in money transfer services, today announced that Lord Dennis Stevenson, Chairman of HBOS HBOS Halifax Bank of Scotland plc., and Linda Fayne Levinson, an independent advisor to professionally funded, privately held ventures, will be elected to its Board of Directors. These individuals will join Jack M. Greenberg, the Non-Executive Chairman of Western Union's Board; Christina A. Gold, President and Chief Executive Officer of The Western Union Company; and five previously named individuals to form a world-class Board committed to building value for shareholders. Western Union is expected to undergo a tax-free spin-off from First Data Corp. on Sept. 29, 2006. The directors are expected to assume their roles immediately prior to Western Union's separation from First Data. In addition to Greenberg and Gold, the Western Union Board of Directors, announced in late August, will include Dinyar Devitre, Senior Vice President and Chief Financial Officer of Altria Group “Philip Morris” redirects here. For the racecar driver, see Philip Morris (autoracer). Altria Group, Inc. (NYSE: MO) (previously named Philip Morris Companies Inc. , Inc.; Betsy Holden Betsy Holden is a corporate director of Tribune Company and former CEO of Kraft Foods. She received her A.B. from Duke University, and an M.Ed and an MBA from Northwestern University. She was born in 1956 in Pittsburgh. , former Co-Chief Executive Officer of Kraft Foods Kraft Foods Inc. (NYSE: KFT) is the largest food and beverage company headquartered in North America and the second largest in the world after Nestlé SA. The Philip Morris Company (now known as Altria Group), a company that produces tobacco products, acquired Kraft for , Inc.; Alan Lacy, former Chief Executive Officer of Sears Holdings Corporation Sears Holdings Corporation (NASDAQ: SHLD) is the fourth largest retailer in the United States, behind Wal-Mart, The Home Depot, and Kroger.[1] It was formed in 2005 with the purchase of Sears, Roebuck and Company of Hoffman Estates, Illinois by Kmart Holdings ; Roberto Mendoza, Chairman of Integrated Finance Limited; and Mike Miles, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Staples, Inc. "The addition of Dennis Stevenson and Linda Fayne Levinson to the Western Union Board of Directors will further enhance the international character of our Board as well as its high-caliber global marketing, finance and consumer expertise," said Christina Gold, President and Chief Executive Officer of Western Union. "I am confident that we have established the right team to guide Western Union as we continue expanding the company's offerings to consumers around the world." First Data announced its decision earlier this year to separate the fast-growing Western Union consumer payments business into an independent, publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. through a tax-free spin-off of 100 percent of Western Union to First Data shareholders. The independent Western Union company, which will include the Western Union, Orlandi Valuta and Vigo brands, will be the largest money transfer company, providing consumers with fast, reliable and convenient ways to send money around the world, pay bills and purchase money orders. Biographical Information Lord Stevenson, 61, is Chairman of HBOS plc., a worldwide banking institution in the United Kingdom. Until November 2005, he served as Chairman of Pearson plc., the media group that owns the Financial Times, Prentice Hall Prentice Hall is a leading educational publisher. It is an imprint of Pearson Education, Inc., based in Upper Saddle River, New Jersey, USA. Prentice Hall publishes print and digital content for the 6-12 and higher education market. History In 1913, law professor Dr. and Penguin. His past board memberships include roles on the Boards of Manpower Inc and British Sky Broadcasting British Sky Broadcasting (BSkyB — formerly two companies, Sky Television and BSB) is a company that operates Sky Digital, a subscription television service in the UK and the Republic of Ireland. It produces TV content, and owns several TV channels. Group plc. among others. Linda Fayne Levinson, 64, is an independent advisor to professionally funded, privately held ventures and Non-Executive Chair of VendareNetblue, Inc. Levinson was a partner at GRP GRP Group GRP Group (file name extension) GRP Glass Reinforced Plastic GRP Gastrin-Releasing Peptide (biology) GRP Gross Rating Point (advertising) Partners, a venture capital firm, from 1997 through 2004. In that role, she invested in and served as Director of several private companies that made successful transitions into public companies, such as Overture Services, Inc., lastminute.com, plc. and Cybersource, Inc. Earlier in her career, Levinson served as a Senior Vice President at American Express Travel Related Services, Inc. In 1979 she was elected the first female partner at McKinsey & Company. Levinson presently serves on the boards of NCR Corporation, Jacobs Engineering Group Jacobs Engineering Group Inc. (NYSE: JEC), a publicly traded company with annual revenues approaching $7 billion, provides professional technical services. Headquartered in Pasadena, CA, Jacobs offers support to industrial, commercial, and government clients across multiple , Inc. and Ingram Micro, Inc. Previously, Levinson served on the Boards of Genentech, Inc. and Adminstaff, Inc. About Western Union Western Union, together with its affiliates Orlandi Valuta and Vigo, are leaders in global money transfer, providing people with fast, reliable and convenient ways to send money around the world, pay bills and purchase money orders through a network of over 270,000 agent locations in more than 200 countries and territories. For more information, visit www.westernunion.com. |
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