Moneygram announces resignation of CFO

AP News
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Posted: Dec 21, 2009 4:55 PM

Payment services provider MoneyGram International said Monday that its chief financial officer, Jeffrey R. Woods, is resigning effective Jan. 15, after just five months on the job.

In a statement, Moneygram said Woods was leaving for "personal reasons," but did not elaborate.

Moneygram said Woods will be available to the company on an as-needed basis. A search for a successor is under way.

Woods, 41, worked most recently at JPMorgan Chase as chief financial officer for global investment banking and chief operating officer for investment banking, Americas, Moneygram said in an e-mailed statement.

Shares of Moneygram rose 6 cents, or 2.3 percent, to close at $2.62 Monday.