MoneyGram replaces CEO weeks after massive customer data breach


Money transfer giant MoneyGram has replaced its chief executive less than a month after confirming that hackers stole reams of customers’ personal information and transaction records in a data breach.

In a statement Monday, MoneyGram said it appointed Anthony Soohoo as the company’s chief executive with immediate effect. Soohoo replaces Alex Holmes, who joined MoneyGram in 2009 and served as its chief financial officer then chief operating officer, before being appointed CEO and chairman in 2016.

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Source: MSN News


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