MoneyGram Announces Ambassador Antonio Garza to Stand for Election as an Independent Candidate to the Board of Directors at Annual Meeting
MoneyGram International (NYSE:MGI), a leading global money payment
company, today announced that Ambassador Antonio Garza (Ret.) will stand
for election to the MoneyGram Board of Directors at the companys April
17, 2012 annual meeting, along with all current directors. Once elected,
this will bring the number of directors up to 10, five of whom will be
independent.
I am very pleased that Ambassador Garza has agreed to stand for
election to our board of directors. He is a dynamic leader with
experience in both global business and government affairs, said Pamela
H. Patsley, MoneyGrams chairman and CEO. Ambassador Garza brings
independent judgment and a dedication to building shareholder value. His
extensive knowledge of the Latin American markets will be a tremendous
resource for our company.
Ambassador Antonio Garza was the U.S. Ambassador to Mexico from 2002 to
2009. He is currently an attorney in the Mexico City office of White &
Case LLP, an international law firm, where he has worked since 2010. He
has also served as chairman of ViaNovo Ventures, the cross-border unit
of a management consulting firm, since 2009. Ambassador Garza was
elected to the Texas Railroad Commission in 1998 and served as its
Chairman from 1999 until 2002. He is a former partner at Bracewell &
Patterson (now Bracewell & Giuliani) and previously served as Secretary
of State of the State of Texas and Senior Policy Advisor to the Governor
of the State of Texas from 1994 to 1997.
Ambassador Garza currently serves as a director of Basic Energy
Services, Inc., a well site service company to oil and gas companies,
and to Kansas City Southern, a railroad. He also serves on the Board of
Trustees of Southern Methodist University, the Development Board of the
University of Texas at Austin, and is on the Deans Advisory Committee
at the Harvard School of Public Health.
About MoneyGram International
MoneyGram International, a leading global money transfer company,
enables consumers who are not fully served by traditional financial
institutions to meet their financial needs. MoneyGram offers money
transfer services worldwide and bill payment services in the United
States and Canada through a global network of more than 267,000 agent
locationsincluding retailers, international post offices and financial
institutionsin 192 countries and territories around the world. To learn
more about money transfer or bill payment at an agent location or
online, please visit www.moneygram.com
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