MoneyGram 2011 Annual Report Download - page 12

Table of Contents
We rely on a combination of patent, trademark and copyright laws, and trade secret protection and confidentiality or license agreements to protect our
proprietary rights in products, services, know−how and information. We believe the intellectual property rights in processing equipment, computer systems,
software and business processes held by us and our subsidiaries provide us with a competitive advantage. We believe we take appropriate measures to
protect our intellectual property to the extent such intellectual property can be protected.
We own U.S. and foreign patents related to our money order and money transfer technology. Our U.S. patents have in the past given us competitive
advantages in the marketplace. We also have patent applications pending in the United States that relate to our money transfer, money order and bill
payment technologies and business methods. We anticipate that these applications, if granted, could give us continued competitive advantages in the
marketplace. However, our competitors also actively patent their technology and business processes.
Employees
As of December 31, 2011, we had approximately 1,399 full−time employees in the United States and 737 full−time employees outside of the United States.
In addition, we engage contractors to support various aspects of our business. None of our employees in the United States are represented by a labor union.
We consider our employee relations to be good.
Executive Officers of the Registrant
Pamela H. Patsley, age 55, has served as Chairman and Chief Executive Officer since September 2009. Ms. Patsley was appointed Executive Chairman in
January 2009. Ms. Patsley also serves on the boards of directors of Texas Instruments, Inc. and Dr. Pepper Snapple Group, Inc. Ms. Patsley previously
served as Senior Executive Vice President of First Data Corporation, a global payment processing company, from March 2000 to October 2007, and
President of First Data International from May 2002 to October 2007. From 1991 to 2000, Ms. Patsley served as President and Chief Executive Officer of
Paymentech, Inc., prior to its acquisition by First Data Corporation. Ms. Patsley also served as Chief Financial Officer of First USA, Inc.
Juan Agualimpia, age 49, has served as Executive Vice President, Chief Marketing Officer since February 2011. Mr. Agualimpia previously served as
Senior Vice President and Chief Marketing Officer from March 2010 to February 2011. From March 2009 to March 2010, Mr. Agualimpia engaged in
marketing project consulting. Mr. Agualimpia has 20 years of leadership experience in marketing, brand management, customer relationship management
and product development, including as Vice President and General Manager for the Art & Coloring Global Business Unit of Newell Rubbermaid from 2005
to March 2009.
David B. Brown, age 49, has served as Senior Vice President, Chief Accounting Officer since January 2012. Mr. Brown previously served as Chief
Financial Officer of Dresser, Inc., a privately held energy industry infrastructure manufacturer, from 2010 to 2011. Prior to that, Mr. Brown served in
various roles of increasing responsibility at Dresser, Inc. from 2007 to 2010. From 2003 to 2007, Mr. Brown held various financial positions at The Brink’s
Company. From 1996 to 2003, Mr. Brown held financial positions at LSG Sky Chefs. In 1995, Mr. Brown was a consultant for Halliburton, and from 1985
to 1995 he held the position of Audit Senior Manager at Price Waterhouse L.L.P.
Timothy C. Everett, age 49, has served as Executive Vice President, General Counsel and Corporate Secretary since January 2010. Mr. Everett previously
served as Vice President and Secretary of Kimberly−Clark Corporation, a multi−national consumer product company, from 2003 to 2009. Prior to that,
Mr. Everett served in various roles of increasing responsibility at Kimberly−Clark from 1993 to 2003. From 1990 to 1993, Mr. Everett was an associate
with the global law firm, Akin Gump Strauss Hauer & Feld, LLP. From 1984 to 1987, Mr. Everett was an auditor with the accounting firm Ernst & Young,
LLP.
W. Alexander Holmes, age 37, has served as Senior Vice President, Corporate Strategy and Investor Relations since June of 2009. Mr. Holmes previously
served as Senior Vice President, Global Sourcing and Strategic Initiatives at First Data Corporation, a global payment processing company, from 2007 to
2009. From 2004 to 2007, Mr. Holmes served in various roles of increasing responsibility at First Data Corporation. Prior to that, Mr. Holmes managed the
Benelux region at the Western Union Company, a global money transfer company, from 2002 to 2003. Mr. Holmes joined First Data in 2000 and served in
various finance roles until
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