Payment services provider MoneyGram International (NYSE: MGI) said Monday that its chief financial officer, Jeffrey R. Woods, is resigning effective Jan. 15, after just five months on the job, according to Associated Press.
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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 (NYSE: JPM) 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.
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