Gary Ferrera Named New CFO of MoneyGram

US-based paytech MoneyGram has appointed Gary Ferrera as its new CFO, effective 10 June 2024.

Succeeding Larry Angelilli, who is heading into retirement after nearly a year in the role, Ferrera will report directly to MoneyGram chairman and CEO Alex Holmes and will also serve on the paytech's executive leadership team.

In his new position, MoneyGram expects Ferrera to "lead all aspects of finance, accounting, tax and treasury, in support of the continued growth and digitisation of the business".

Prior to joining his new company, Ferrera served as CFO for several organisations, including imagery solutions firm DigitalGlobe, ATM operator Cardtronics, and most recently, automotive services provider Driven Brands.

Ferrera's appointment follows several leadership additions made by MoneyGram in the past year, including Seth Ross to chief digital officer and, most recently, Edwina Johnson to general manager in November.

(Source: Fintech Futures)