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Wells Fargo Veteran to Lead MoneyGram's Financial Future
13 Dec
Summary
- MoneyGram appoints Marc Winniford, formerly of Wells Fargo, as new CFO.
- Winniford joins MoneyGram during its significant operational transformation.
- This CFO change occurs after a recent period of leadership transition.
MoneyGram International has announced the appointment of Marc Winniford as its new Chief Financial Officer, a role he will assume in February. Winniford brings a wealth of experience from his 17-year tenure at Wells Fargo, where he held various senior finance positions. Most recently, he served as the CFO for Wells Fargo's Corporate & Investment Banking division.
His arrival coincides with a pivotal period for MoneyGram as the company actively transforms its operations following its acquisition. CEO Anthony Soohoo highlighted Winniford's anticipated contribution to enhancing financial operations and pursuing new avenues for growth. This strategic move aims to bolster the company's financial infrastructure.
The leadership change follows a series of transitions within MoneyGram's finance department. Gary W. Ferrera previously held the CFO position before retiring in June, with Brinda Bhattacharjee stepping in as interim CFO. Winniford will report directly to CEO Soohoo, bringing a disciplined approach to capital management.
