---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-329036"
form_type: "8-K"
ticker: "WU"
cik: "0001365135"
company_name: "Western Union CO"
filed_at: "2021-11-15T23:59:59+00:00"
generated_at: "2026-06-28T08:14:04.990656+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Western Union appoints Devin McGranahan as CEO, replacing Hikmet Ersek effective Dec 31, 2021

## Summary
- McGranahan joins from Fiserv, where he was EVP & Senior Group President, Global Business Solutions.
- Compensation includes $1M base salary, 170% target bonus, and LTI target no less than $8M annually.
- Sign-on package: $6.5M RSUs, $6.6M stock options, and $1M cash bonus to replace forfeited compensation.
- Ersek to serve as special advisor through June 30, 2022, with continued salary and benefits.
- Ersek retires after 21 years at Western Union, including 11 as CEO; board thanks him.

## SEC filing metadata
- accession: 0001193125-21-329036
- form_type: 8-K
- ticker: WU
- cik: 0001365135
- company_name: Western Union CO
- filed_at: 2021-11-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1365135/000119312521329036/0001193125-21-329036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1365135/000119312521329036/d239197d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-329036
- JSON: https://secwatch.observer/filing/0001193125-21-329036.json
- Plain text: https://secwatch.observer/filing/0001193125-21-329036.txt

## Key facts
- Executive change
  Devin McGranahan was appointed as President and Chief Executive Officer at Western Union CO.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: has appointed Devin McGranahan as the Company’s new President and Chief Executive Officer, effective on or about December 31, 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1365135/000119312521329036/0001193125-21-329036-index.htm
- Executive change
  Hikmet Ersek retired as President and Chief Executive Officer at Western Union CO.
  - Action: retired
  - Role: President and Chief Executive Officer
  source text: Hikmet Ersek, the Company’s current President and Chief Executive Officer, will retire and step down from that position and as a member of the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1365135/000119312521329036/0001193125-21-329036-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.