MoneyGram announced the appointment of Anthony Soohoo as CEO, replacing Alex Holmes, who previously served in executive roles since 2009, including CEO since 2016.
The company is enduring scrutiny following a severe data breach that affected customer information, including names, emails, and sensitive data like Social Security numbers.
MoneyGram's spokesperson stated that the leadership change was planned and unrelated to the recent cyber attack, highlighting a longer-term transition process.
Despite the leadership shake-up, MoneyGram continues operations, serving over 50 million customers across 200 countries and maintaining a focus on recovering from operational setbacks.
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