This transition comes at a time when the company continues to navigate the complex financial landscape of global money transfers and payment solutions. The appointment of a new Chief Accounting Officer will be an important move for Western Union (NYSE:WU) as it strives to maintain its position in the industry.
Trading near its 52-week low, the company has demonstrated its commitment to shareholder returns through consistent dividend payments and share buybacks, as revealed by InvestingPro's detailed financial analysis. Trading near its 52-week low, the company has demonstrated its commitment to shareholder returns through consistent dividend payments and share buybacks, as revealed by InvestingPro's detailed financial analysis.
The news of Hinsey's planned departure comes from an 8-K filing with the Securities and Exchange Commission dated January 10, 2025, which indicates that Hinsey notified the company of his retirement on January 7, 2025. Hinsey has been a key figure in the financial management of Western Union, a leader in global payment services.
This transition comes at a time when the company continues to navigate the complex financial landscape of global money transfers and payment solutions. The appointment of a new Chief Accounting Officer will be an important move for Western Union as it strives to maintain its position in the industry. Trading near its 52-week low, the company has demonstrated its commitment to shareholder returns through consistent dividend payments and share buybacks, as revealed by InvestingPro's detailed financial analysis.
The company, headquartered in Denver, Colorado, operates under the business services sector and is incorporated in Delaware. Western Union's common stock is traded on the New York Stock Exchange.
This transition comes at a time when the company continues to navigate the complex financial landscape of global money transfers and payment solutions. The appointment of a new Chief Accounting Officer will be an important move for Western Union as it strives to maintain its position in the industry.
Investors and stakeholders are assured that the company will follow a structured process to find a suitable replacement who can uphold the company's standards in financial reporting and management.
The SEC filing does not mention any interim arrangements for the Chief Accounting Officer position, but the company is expected to provide updates as the search for a successor progresses.
This report is based on an official statement from a press release.
In other recent news, Western Union Co. has made significant strides in its business operations. The company reported a solid third quarter in 2024, with revenues reaching $1.040 billion, marking a 1% adjusted revenue growth. The company's digital transactions saw a significant increase of 15%, and the Consumer Money Transfer segment experienced a 4% rise in transactions.
Western Union has also approved a new $1 billion stock repurchase program and declared a quarterly cash dividend of $0.235 per common share. To streamline shareholder processes, the company has amended its by-laws, reducing disclosure obligations for shareholders nominating directors or proposing other business.
RBC Capital Markets noted a positive trend in the Payments, Processors & IT Services sectors, with Western Union among the companies showing improvements. Western Union is progressing well with its Evolve 2025 strategy, targeting a flat to positive 2% revenue growth by 2025. For 2024, the company reaffirms its adjusted revenue outlook of $4.15 billion to $4.225 billion and adjusted EPS of $1.70 to $1.80. These are the recent developments in the company's operations.
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