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MoneyGram names Gary Ferrera as new CFO | Fintech InShorts: Latest fintech news, analysis by experts

MoneyGram names Gary Ferrera as new CFO

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Less than 1 min.Read

MoneyGram names Gary Ferrera as new CFO

June 14, 2024

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.

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