MoneyGram Names Anthony Soohoo as CEO
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DALLAS, Oct. 28, 2024 ~ MoneyGram International, Inc. has announced the appointment of Anthony Soohoo as its new Chief Executive Officer. Soohoo, an experienced technology executive with a strong background in leading digital transformations, will take over the role from Alex Holmes, who has served as Chairman and CEO since 2016.

The decision was made by MoneyGram's Board of Directors, who recognized Soohoo's expertise in driving growth strategies through digital innovation. In his new role, Soohoo will be responsible for executing the company's focused digital innovation strategy and expanding its global partner network.

Brendan Barrett, MoneyGram Board Director and Managing Director at Madison Dearborn Partners, expressed confidence in Soohoo's ability to lead the company into its next phase of growth. "With the rate of digitization accelerating faster than ever, MoneyGram is at a pivotal moment in its journey to make secure and reliable financial services accessible for more customers across the globe," said Barrett. "Anthony is the right leader with the unique expertise needed to oversee the Company's next chapter of growth."

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Soohoo brings with him a successful track record at global Fortune 50 companies, where he has driven significant growth through digital transformations. Most recently, he served as Executive Vice President of Walmart's Home Division, where he led a highly successful digital transformation that enhanced all sales channels and solidified Walmart Home's position as the nation's largest retailer of home goods.

Prior to this role, Soohoo held various executive positions at CBS, Yahoo and Apple. He also founded and sold multiple technology businesses. With over 30 years of experience at the intersection of technology, business and artificial intelligence, Soohoo is well-equipped to lead MoneyGram into its next phase of growth.

In his statement on his new role, Soohoo expressed his excitement about joining MoneyGram and leading it through its next chapter of growth. "Through a unique and diversified global payments network encompassing digitally enabled solutions and retail locations, MoneyGram plays a critical role in providing essential support and strengthening connections for so many customers around the world," said Soohoo. "I am honored to lead the Company through its next chapter of growth while championing its longstanding mission."

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He also emphasized the importance of keeping the customer at the center of everything MoneyGram does and expressed confidence in enhancing the company's market position and shaping a brighter future for its customers and partners.

Outgoing CEO Alex Holmes, who has led MoneyGram for the past eight years, expressed his pride in the company's transformation under his leadership. "It has been my privilege to lead MoneyGram over the past eight years," said Holmes. "I am proud of our remarkable transformation as we digitized the business and reinvigorated the brand to better serve our customers around the world."

Holmes will remain an advisor to MoneyGram's Board of Directors to ensure a smooth transition for Soohoo. The company looks forward to seeing all that Soohoo and his team will accomplish in their pursuit of growth and innovation.
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