This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

MoneyGram International's Management Discusses Appointment Of Alex Holmes As Chief Financial Officer Conference Call (Transcript)

Stocks in this article: MGI

With that, I’ll turn the call over to Pam.

Pamela H. Patsley

Thanks, Eric. Good morning and thanks everyone for joining us. Today we announced two senior level appointments and I wanted to take a few minutes to discuss this news with you. First, as I am sure you’ve heard by now Dutcher on the call, we have announced that Alex Holmes has been named Executive Vice President and Chief Financial Officer of the company effective immediately. Alex succeeds Jim Shields who served as MoneyGram's EVP and CFO since July 2010. Jim will remain with the company through May 15, 2012 in the event anything is needed to ensure a smooth transition. We expect this transition though to be seamless.

Jim’s contributions to MoneyGram’s reorganization and restructure, which began shortly after he arrived almost two years ago, have been widely important to MoneyGram’s turn around. We appreciate this and we wish Jim well and all the best in his future endeavors.

Many of you already know Alex. He has been with MoneyGram since 2009 and he has led our Corporate Strategy and Investor Relations department. Alex has extensive and detailed knowledge of the industry, MoneyGram’s business operations, our partnership activities and growth objectives. Now he is responsible for all finance related functions and the continued close collaboration with our business leaders and the development of MoneyGram's operational and strategic initiative.

With me and the support of Eric Dutcher, Alex will also continue to develop and expand MoneyGram’s involvement with the investor community, a role in which many of you already know him and a role typically with the CFO. Alex has been central to MoneyGram’s transformation over the last several years and we view his appointment as an important step in reinforcing the strength of MoneyGram’s finance department and leadership. Alex is with me on this call and he will be available to help answer your questions after a few remarks.

2 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs