Devin McGranahan is the President & CEO of Western Union (NYSE: WU), one of the world’s largest money transfer companies. McGranahan was appointed CEO in December 2021, succeeding Hikmet Ersek after more than 20 years of leadership experience in financial services and payments. A former McKinsey & Company senior partner and Fiserv executive, McGranahan has focused on accelerating Western Union’s digital transformation while maintaining its vast physical network of over 550,000 agent locations across 200+ countries and territories. Under his leadership, Western Union generated $4.1 billion in revenue in 2025 with an adjusted operating margin of 20%.
Read on to discover Western Union CEO email address, Devin McGranahan net worth in 2026, salary and compensation, career history, wife & family, and more.
Devin McGranahan – Quick Facts
| Devin McGranahan — Key Information | |
|---|---|
| Full Name | Devin B. McGranahan |
| Position | President & CEO, The Western Union Company (NYSE: WU) |
| Age | 56 years old (born 1969) |
| Tenure | December 2021 – present |
| Previous Role | Senior Group President, Fiserv Inc. |
| 2024 Total Compensation | $13.27 million |
| Net Worth (Est. 2026) | $14–26 million |
| Education | MBA, Harvard Business School; B.S. Mechanical Engineering & B.S. Economics, University of Pennsylvania (Wharton) |
| Wife | Shannon McGranahan |
| Children | Two sons (Declan and Lachlain) |
| Headquarters | Denver, Colorado |
| [email protected] | |
Devin McGranahan Career Highlights
| Period | Role | Company |
|---|---|---|
| Early Career | Business Analyst → Senior Partner & Director (20 years) | McKinsey & Company |
| Mid-Career | President | Corillian Corp. |
| Pre-2021 | Group President → Senior Group President | Fiserv Inc. |
| Dec 2021 – Present | President & Chief Executive Officer | The Western Union Company |
Devin McGranahan Net Worth & Salary
As of 2026, Devin McGranahan’s net worth is estimated at $14–26 million, based on his disclosed stock holdings in Western Union and Fiserv. He owns approximately 913,125 shares of Western Union (WU) stock worth over $9 million and roughly 77,980 shares of Fiserv (FISV) stock worth over $5 million. In August 2025, McGranahan acquired an additional 176,470 shares of WU stock for approximately $1 million.
CEO Compensation Breakdown (FY2024)
| Component | Amount (USD) | Share |
|---|---|---|
| Base Salary | $1,000,000 | 7.5% |
| Annual Bonus (180% target) | $1,890,000 | 14.2% |
| Stock Awards | $6,800,000 | 51.2% |
| Stock Options | $3,400,000 | 25.6% |
| Other Compensation | $179,900 | 1.4% |
| TOTAL | $13,270,000 | 100% |
Key Insight: Over 92.5% of Devin McGranahan’s compensation is performance-based (bonus + equity), with only 7.5% from base salary. Approximately 77% of his target total compensation is long-term, at-risk equity, aligning his interests with shareholder returns.
Western Union Financial Summary
| Metric | FY2025 | FY2024 | YoY Change |
|---|---|---|---|
| Total Revenue | $4.1B | $4.2B | ▼ -2% (adj.) |
| Consumer Money Transfer | $3.5B | $3.8B | ▼ -8% |
| Consumer Services Revenue | Growth | Base | ▲ +32% |
| Branded Digital Revenue | Growth | Base | ▲ +7% |
| GAAP EPS | $1.52 | $2.74 | ▼ -44.5% |
| Adjusted EPS | $1.75 | $1.74 | ▲ +0.6% |
| Adj. Operating Margin | 20% | 19% | ▲ +100 bps |
| Operating Cash Flow | $543.7M | $406M | ▲ +34% |
| Shareholder Returns | $529M | $496M | ▲ +6.7% |
| Agent Locations | 550,000+ | 550,000+ | — |
| Countries & Territories | 200+ | 200+ | — |
Digital Transformation: Under McGranahan, Branded Digital revenue grew 7% in 2025 with digital transactions increasing 13%. The Consumer Services segment surged 32%, driven by the expansion of travel money and bill pay products, plus Western Union’s newly launched media network business.
Devin McGranahan Education & Early Life
Devin McGranahan was born in 1969 in Pennsylvania, United States. He earned a Bachelor of Science in Mechanical Engineering and a Bachelor of Science in Economics from the University of Pennsylvania (Wharton School). He later completed a Master of Business Administration (MBA) from Harvard Business School, one of the most prestigious business schools in the world.
McGranahan began his career as a Business Analyst at McKinsey & Company, the global management consulting firm, where he spent approximately 20 years. He rose through the ranks to become a Senior Partner and Director, co-leading the North America Financial Services Practice and serving as co-chair of the senior partner selection committee. During his time at McKinsey, he specialized in strategy, payments, and business-building for leading financial services companies.
Devin McGranahan Career History
After his two-decade tenure at McKinsey & Company, McGranahan transitioned into executive operating roles. He served as President of Corillian Corp., an online banking and payments technology company.
He then joined Fiserv Inc. (NASDAQ: FI), one of the world’s largest financial technology companies, where he rose to the role of Senior Group President. At Fiserv, he was responsible for overseeing major business segments in the payments and financial services space, gaining deep operational expertise in the money movement industry.
In November 2021, Western Union announced McGranahan as its new CEO, and he officially took the helm in December 2021, succeeding Hikmet Ersek, who had led the company for over 11 years. Since taking charge, McGranahan has focused on Western Union’s Evolve 2025 strategy, which aims to diversify revenue streams beyond traditional money transfers through digital innovation, consumer services expansion, and strategic partnerships.
Most recently, in the February 2026 Q4 earnings call, McGranahan discussed plans for the acquisition of Intermex, expanded wallet functionality, and the company’s growing media network business, signaling continued diversification beyond core remittances.
Devin McGranahan Personal Life & Family
Devin McGranahan is married to Shannon McGranahan. The couple has two sons, Declan and Lachlain. The family is known for enjoying adventure sports, including offshore racing. McGranahan is based in the Denver, Colorado metropolitan area, near Western Union’s global headquarters at One Belleview Station, a 15-story LEED Gold building in the Denver Tech Center.
Devin McGranahan Fun Fact
Western Union was founded in 1851 as a telegraph company and sent the first transcontinental telegram in 1861. Today, McGranahan leads the company through its latest transformation — from telegrams to wire transfers to digital payments and financial services — nearly 175 years after its founding. He is also a member of the Business Roundtable, an association of CEOs of leading American companies that advocates for policies to promote a thriving U.S. economy.
How to Contact Devin McGranahan – Western Union CEO Email
| Contact Information | |
|---|---|
| Email Address | [email protected] |
| linkedin.com/in/devinmcgranahan | |
| Corporate HQ | 7001 E. Belleview Ave., Denver, CO 80237 |
| Investor Relations | ir.westernunion.com |
| Corporate Website | corporate.westernunion.com |
Western Union Competitors
Western Union operates in the highly competitive global money transfer and payments industry. Key competitors include:
- MoneyGram International – Direct competitor in global remittances (acquired by Madison Dearborn Partners)
- Wise (TransferWise) – Digital-first international money transfers
- Remitly – Mobile-focused digital remittance platform
- Ria Money Transfer (Euronet Worldwide) – Major agent-based competitor
- PayPal / Xoom – Digital payments and remittances
- WorldRemit – Online and mobile money transfers
- Intermex – U.S.-to-Latin America remittances (pending WU acquisition)
Frequently Asked Questions (FAQ)
Who is the current CEO of Western Union?
The current CEO of Western Union is Devin B. McGranahan, who was appointed President and Chief Executive Officer in December 2021. He succeeded Hikmet Ersek, who led the company for over 11 years.
How much does Devin McGranahan earn?
Devin McGranahan earned $13.27 million in total compensation for fiscal year 2024, including a $1 million base salary, $1.89 million annual bonus, $6.8 million in stock awards, $3.4 million in stock options, and $179,900 in other compensation.
What is Devin McGranahan’s net worth in 2026?
As of 2026, Devin McGranahan’s net worth is estimated at $14–26 million, based on his disclosed stock holdings in Western Union (913,125 shares) and Fiserv (77,980 shares), plus accumulated compensation.
What is Devin McGranahan’s email address?
Western Union CEO Devin McGranahan’s email address is [email protected]. The company headquarters is located at 7001 E. Belleview Ave., Denver, CO 80237.
What did Devin McGranahan do before Western Union?
Before joining Western Union, McGranahan served as Senior Group President at Fiserv Inc., a leading financial technology company. Earlier, he spent 20 years at McKinsey & Company as a Senior Partner and Director, specializing in financial services strategy and payments.
How many countries does Western Union serve?
Western Union serves customers in over 200 countries and territories through its network of 550,000+ agent locations worldwide, plus its growing digital channels.
Is Devin McGranahan married?
Yes, Devin McGranahan is married to Shannon McGranahan. They have two sons, Declan and Lachlain. The family enjoys adventure sports, including offshore racing.
Article last updated: March 2026
Disclaimer: All information presented in this article has been compiled from publicly available sources, including SEC filings, official company press releases, and reputable news outlets. This content is provided for informational purposes only and does not constitute financial or investment advice.