Pam Patsley, CEO of MoneyGram, discusses the challenges she faced joining the company shortly after their stock price fell 96%. Patsley details retooled investment strategies and the debt reduction plan driving the company turnaround. Learn how the second largest money transfer business in the world plans on gaining more of the $500 billion market.
Pam Patsley joined MoneyGram in January 2009 as executive chairman of MoneyGram’s board of directors and assumed the additional role of chief executive officer in September 2009. Patsley is an experienced executive in the financial services industry. After leaving KPMG in 1985, she became chief financial officer of First USA, Inc. where she played a key role in the 1989 leveraged buy-out and company’s IPO in 1992. She then became president and chief executive officer of Paymentech, Inc., a subsidiary of First USA, until it was acquired by First Data Corporation in 1999. She then led First Data’s global expansion, serving as president of First Data International until October 2007. Patsley currently sits on the boards of two other public companies: Texas Instruments (NYSE: TXN) and Dr Pepper Snapple Group, Inc. (NYSE: DPS). From 1996 to 2009, she served on the board of Molson Coors Brewing Company and its predecessor.