On January 8, 2015, MoneyGram International Inc. announced that Carl-Olav Scheible, Executive Vice President, Europe and Africa, will be leaving the company on February 28, 2015. As part of the company's ongoing global transformation program, the company has made several leadership and organizational changes over the last year that are necessary to transform the company into a leaner and more profitable enterprise. The company expects that all of Mr. Scheible's operating responsibilities will be assumed by existing members of the MoneyGram management team.