will maintain its current debt level, devoting free cash flow to stock repurchases, dividends, and acquisitions. CEO Christina Gold headed the company from 2002 until 2010, when she was replaced by Hikmet Ersek, previously the COO. Given that Ersek
company is back on pace to return substantially all of its free cash flow to shareholders . The other bit of news was that CEO Christina Gold will retire later this year . She will be replaced by COO Hikmet Ersek . We view this change neutrally . While we have no
recorded for replay purposes . Thank you , Geri , and good morning , everyone . On today s call we will have comments from Christina Gold , Western Union s President and Chief Executive Officer ; Hikmet Ersek , our Chief Operating Officer ; and Scott Scheirman
As an independent company, Western Union is led by the same group of executives that managed it under First Data. CEO Christina Gold has headed the company since 2002, after a long career at Avon AVP, where she finished in the role of executive vice president