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The Western Union Company

Founders

Who Founded Western Union?

Hiram Sibley, Ezra Cornell, Samuel Selden, Jeptha Wade · Founded 1851 · HQ today: Denver, Colorado, United States

Who founded Western Union?

Western Union was founded by Hiram Sibley, Ezra Cornell, Samuel Selden, Jeptha Wade in 1851 in Rochester, New York, United States. It is now led by Devin McGranahan.

Founders
Hiram Sibley, Ezra Cornell, Samuel Selden, Jeptha Wade
Founded
1851
Headquarters
Denver, Colorado, United States
Number of founders
4
Current CEO
Devin McGranahan (since 2021)
Where was Western Union founded?
Western Union was founded in Rochester, New York, United States in 1851. en.wikipedia.org
When was Western Union founded?
Western Union was founded in 1851.
Who started Western Union?
Western Union was founded by Hiram Sibley, Ezra Cornell, Samuel Selden and Jeptha Wade.
How old is Western Union?
Western Union is 175 years old as of 2026.

Founding Story

Western Union began in Rochester, New York, in 1851 as the New York and Mississippi Valley Printing Telegraph Company, organized by Hiram Sibley, Samuel Selden, and other local investors. It took the Western Union name in 1856 after merging with lines controlled by Ezra Cornell and others. In 1861 it completed the first transcontinental telegraph line, and the Pony Express shut down soon after. Money transfer was added in 1871 and later became the main business, while the telegram service faded. First Data spun off Western Union as an independent public company in 2006, and the company sent its last telegrams that year.

Hiram Sibley

Co-founder 1851

Background

Rochester, New York businessman who organized telegraph investors in the early 1850s.

Role at The Western Union Company

Hiram Sibley helped organize the New York and Mississippi Valley Printing Telegraph Company in 1851. He led the consolidation that produced Western Union in 1856 and became its first president. He also backed construction of the transcontinental telegraph line, completed in 1861.

Hiram Sibley was born in 1807 in North Adams.

Sibley was born on February 6, 1807 and died on July 12, 1888. He was also a philanthropist.

Ezra Cornell

Co-founder 1856

Background

Telegraph line builder who had worked with Samuel Morse before building lines of his own.

Role at The Western Union Company

Ezra Cornell (1807-1874) built early telegraph lines and merged his holdings into the 1856 consolidation that formed Western Union. He became one of its largest shareholders and later used that wealth to co-found Cornell University in Ithaca, New York.

Cornell was born on January 11, 1807 and died on December 9, 1874. He co-founded Cornell University and served as president of the New York Agriculture Society and as a New York State Senator. Ezra Cornell was born in 1807.

Samuel Selden

Co-founder 1851

Background

American businessman and judge.

Role at The Western Union Company

Samuel Selden co-founded the New York and Mississippi Valley Printing Telegraph Company in 1851 alongside Hiram Sibley (this company was later renamed Western Union). Selden held the absolute critical patent rights to the House printing telegraph, providing the foundational legal and technological monopoly that allowed the company to rapidly consolidate the incredibly fragmented early telegraph industry.

Samuel Selden was born in 1800 in Lyme.

Jeptha Wade

Co-founder 1856

Background

Midwestern telegraph line builder who was later a Cleveland businessman and philanthropist.

Role at The Western Union Company

Jeptha Wade built telegraph lines in the Midwest and brought them into the 1856 Western Union consolidation. He helped organize the western part of the transcontinental telegraph effort and later served as president of Western Union.

Jeptha Wade was born in 1811 in Romulus.

Jeptha Homer Wade was born on August 11, 1811 in Romulus, New York, and died on August 9, 1890. He was a portrait painter and made early daguerreotypes before taking an interest in the telegraph after moving to Adrian, Michigan, in 1840.

The Western Union Company: CEO & Leadership History

Full timeline →

Devin McGranahan

President and CEO

2021 – Present

As the current CEO, he acts as the absolute critical turnaround architect, attempting to save the incredibly profitable but heavily stagnating legacy giant from technological obsolescence.

Hikmet Ersek

President and CEO

2010 – 2021

Serving as CEO for over a decade (2010 to 2021), the Turkish-born executive massively expanded Western Union's footprint in critical emerging markets like India and Mexico.

Christina Gold

President and CEO

2006 – 2010

Serving as CEO from 2006 to 2010, she aggressively expanded the company's massive global agent network, deeply cementing its absolute dominance in international remittance.

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Who Founded Western Union? FAQ

Who were the primary founders of Western Union?

Western Union was founded in 1851 by American entrepreneurs and inventors Hiram Sibley, Ezra Cornell, Samuel L. Selden, and Jeptha H. Wade.

What was Ezra Cornell's contribution to Western Union?

Ezra Cornell was an inventor and mechanic who developed machines for laying telegraph cables; his substantial equity in Western Union made him immensely wealthy, which he used to found Cornell University in 1865.

What was Hiram Sibley's role in creating the company?

Hiram Sibley was the primary business strategist who consolidated dozens of competing, bankrupt regional telegraph lines into one unified national network under the Western Union banner.

Why was the company initially named the New York and Mississippi Valley Printing Telegraph Company?

The founders organized the company in Rochester, New York, in 1851 to build a telegraph line connecting Buffalo, New York, to St. Louis, Missouri, using Royal E. House's innovative printing telegraph patent.

Why was the name changed to Western Union in 1856?

Ezra Cornell suggested the name 'Western Union' to signify the union of disparate western telegraph lines into one cohesive, interoperable telecommunications system.

How did Samuel L. Selden contribute to the venture?

Judge Samuel L. Selden secured the exclusive rights to the House printing telegraph technology and partnered with Sibley to secure the financial backing required to string wires across the Midwest.

What was Jeptha Wade's role in the transcontinental expansion?

Jeptha Wade served as general manager and later president, orchestrating the consolidation of California telegraph companies and driving the historic transcontinental line project during the Civil War.

What enduring philanthropic legacies were left by the founders?

Ezra Cornell endowed Cornell University and the Ithaca public library; Hiram Sibley endowed the Sibley College of Mechanical Engineering at Cornell and established the Prince Library in Rochester.

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.