Voya Financial, Inc. announced that Stephen “Biff” Bowman and Hikmet Ersek have been elected to the company's board of directors, effective March 22, 2023. Bowman was most recently chief financial officer of Northern Trust Corporation. He will serve on the board's audit committee; risk, investment and finance committee; and technology, innovation and operations committee.

Bowman served as CFO of Northern Trust from 2014 until his retirement in 2020. Previously, Bowman held various leadership positions at Northern Trust, including chief human resources officer and CEO of the company's European and North American regions. He joined Northern Trust in 1985.

Bowman serves on the board of directors for First Interstate BancSystem, Inc. and FNZ Trust Co. He is a national trustee of Miami University of Ohio and has served as board chair for Glenwood Academy. He received a bachelor's degree in finance from Miami University and earned an MBA from DePaul University.

Ersek was the chief executive officer of The Western Union Company, until 2021. He will serve on the board's compensation, benefits and talent management committee; nominating, governance and social responsibility committee; and risk, investment and finance committee. Ersek served as CEO of Western Union from 2010 to 2021.

Previously, he led the company's international expansion in Europe, Africa and Asia. Prior to joining Western Union, he held several leadership roles at GE Capital and Europay/Mastercard. In addition to serving as a member of the supervisory board at Erste Group Bank, Ersek serves as the Austrian Honorary Consul in the U.S., responsible for Colorado, Wyoming and New Mexico.

Ersek holds a master's (magister) degree in economics and business administration from the University of Economics and Business in Vienna, Austria.