Nigeria Content Online

The management of
Western Union Company has named its chief operating officer, Hikmet
Ersek, 49, to succeed Christina Gold, 62, as president and chief
executive officer, effective September 1, 2010. The company’s Board
also elected Mr. Ersek to the Board of Directors, effective April 26.

The company’s
chairman of the Board of Directors, Jack M. Greenberg, said, “Christina
has been instrumental in transforming the company into a global leader
in money transfer. Since joining the company as president in 2002,
Western Union‘s revenue has nearly doubled and its market share has
significantly expanded.” Ms. Gold said, “This has been an incredible
journey for me, a unique experience to have led the building of an
iconic brand on a global scale.

I am looking
forward to my retirement, and I am very confident that Hikmet Ersek is
the right person to lead Western Union forward.” Meanwhile, the newly
appointed head, said, “I look forward to continuing to drive our
strategies of growing our core money transfer business.”

Prior to joining
First Data Corporation, the former parent company of Western Union, in
May 2002, Ms. Gold was president and chief executive officer of
telecommunications and e-commerce services provider Excel
Communications.

Ersek assumed the
role of chief operating officer in January, 2010, after serving as
executive vice president and managing director for Europe, the Middle
East, Africa and the Asia Pacific region.