MoneyGram announces its new Board of Directors
MoneyGram International, Inc, a global financial technology company, today announced its new Board of Directors.
The Board announcement follows the Company’s recently completed go-private transaction with funds affiliated with Madison Dearborn Partners (MDP), a private equity investment firm based in Chicago. The new Board will leverage its deep expertise to help MoneyGram further enhance its digital business and market-leading cross-border capabilities.
As of August 2023, the MoneyGram Board includes:
- Alex Holmes, Chief Executive Officer at MoneyGram International, Inc. Holmes is an established expert in global payments, who has overseen MoneyGram’s transformation into a digital payments leader since joining the company in 2009. He previously served as both CFO and COO before being named CEO in January 2016.
- Brendan Barrett, Managing Director at Madison Dearborn Partners. Barrett is a member of MDP’s Financial Services team and currently serves on the Boards of Directors of Great Gray Trust Company, Intermedia and Navacord.
- Chris Bruzzo, Former Chief Experience Officer at Electronic Arts (EA). Bruzzo most recently worked to foster innovative and interactive social experiences in the gaming ecosystem. He serves as an advisor for Wize and Mission Scholars. He also is a member of the Board of Directors of retailer Boot Barn.
- Denelle Dixon, Chief Executive Officer and Executive Director at the Stellar Development Foundation (SDF). Coming from a legal background, Dixon now works to drive growth for the open-source Stellar network through this non-profit organization, as well as to meet the organization’s stated goal of utilizing blockchain to create greater access to the global financial system.
- Vahe Dombalagian, Managing Director at Madison Dearborn Partners. Dombalagian is Co-Head of MDP’s Financial Services team and currently serves on the Boards of Directors of The Amynta Group, Ankura Consulting Group, The Ardonagh Group, Great Gray Trust Company, Navacord, NFP Corp. and Towergate & Nevada Investments Topco Limited.
- Jim Kelly, Former Chief Executive Officer at EVO Payments. Kelly is a leader in the payments technology space, having most recently served as CEO at EVO Payments, which was acquired this past March by Global Payments. Before joining EVO, Kelly held several leadership roles at Global Payments from 2001 to 2010.
- Francisco Lorca, Founder and Chief Executive Officer at EthosData. Lorca brings a global portfolio of entrepreneurial experience through his work in fintech and digital payments across several continents. Lorca is also a member of the Latino Corporate Directors Association (LCDA).
- Bobby Mehta, Former Chief Executive Officer at TransUnion. Mehta brings vast experience with global financial services growth and risk management, having held a variety of executive roles at Household International, HSBC Finance Corporation and HSBC North America Holdings, in addition to his position as CEO of TransUnion.
- Mike Nettesheim, Vice President at Madison Dearborn Partners. Nettesheim currently serves on the Board of Directors of Align Precision.
- Matt Raino, Managing Director at Madison Dearborn Partners. Raino is Co-Head of MDP’s Financial Services team and currently serves on the Boards of Directors of The Amynta Group, Ankura Consulting Group, The Ardonagh Group, Benefytt Technologies, Navacord and NFP Corp.
“Now, as a private company and with the guidance of our new Board of Directors, MoneyGram is well-equipped to strengthen its position as a leading global fintech platform that connects the world’s communities,” said Alex Holmes, Chief Executive Officer at MoneyGram. “We greatly appreciate MDP’s partnership and support in constructing our new, highly capable Board with complementary expertise across the payments, financial services and technology industries. The Board’s extensive knowledge and leadership experience will add tremendous value to the organization, and I am incredibly excited about the path ahead.”