MoneyGram International Names New CFO Amid 'Chapter of Growth and Transformation'

Gary W. Ferrera has been appointed chief financial officer of Dallas-based MoneyGram International, a leading global financial technology company.

In his new role, Ferrera will lead all aspects of finance, accounting, tax, and treasury in support of the continued growth and digitization of the business. Ferrera will report directly to Alex Holmes, MoneyGram chairman and CEO, and will serve on the executive leadership team.

In a statement, Holmes called Ferrera “an accomplished CFO with global experience across several sectors, Gary’s dynamic leadership style and ability to adapt quickly will drive innovative business and financial decisions. We look forward to working with Gary to advance our strategic roadmap and long-term growth.”

Ferrera succeeds Larry Angelilli, who recently announced his retirement.

Holmes recognized Angelilli’s positive impact on the company.

“We thank Larry for his immense contributions to MoneyGram during his tenure of more than 12 years with the company. He has been an incredible partner and leaves a great legacy through the team and foundation he’s built here at MoneyGram. We wish him all the best in his retirement,” he said.

New arrival Ferrera, a veteran executive, has extensive international financial expertise, including nearly two decades as a CFO, primarily with publicly traded companies.

He brings extensive knowledge from his experience in the fintech and technology sectors, and most recently was CFO of Driven Brands, the largest automotive services company in North America. Prior to that, he was CFO of both Skillsoft and Cardtronics.

“I’m thrilled to join a leader in the international movement of money, especially amid such an exciting chapter of growth and transformation for MoneyGram,” Ferrera said in a statement. “I look forward to working with the MoneyGram team as we continue to take bold, strategic action to achieve our goals.”

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