2023-10-18 22:50:50
Visa (NYSE: V) today announced that Alfred F. Kelly, Jr. will retire as president and member of the board of directors of Visa on January 23, 2024. He will remain with the company as a senior advisor until February 15, 2024, when he will retire from Visa. The company also announced the board of directors’ intention to appoint the independent chief executive officer, John F. Lundgren, chairman of the board, subject to his re-election at Visa’s annual meeting of shareholders in January 2024.
Kelly has served as chairman of the board since 2019 and as CEO of Visa from 2016 to February 2023. He was first elected to Visa’s board of directors as an independent director in January 2014.
“My time at Visa has been one of the greatest honors of my life,” said Kelly. “I want to extend my sincerest thanks to our incredibly talented team who have made the company the global leader it is today. I leave knowing that Visa is in excellent hands, both with Ryan, who as CEO continues to lead Visa to greater heights, and with John, who has my admiration and respect. As I move into this new chapter in my life, I am confident that Visa will continue to deliver innovative payment solutions to help individuals, businesses and economies thrive.”
“It has been a privilege to serve on Visa’s board of directors alongside Al,” said Lundgren. “In his vision, Visa has led the payments industry through a period of tremendous change, transforming the way people around the world pay and get paid. Thanks to the strong foundation that AI has built, Visa will continue to strengthen its business while driving commerce around the world.”
“There are many things I admire regarding Al, such as his strategic mindset, relentless focus on innovation, and passion for Visa’s business and its employees. But perhaps most of all, I admire how he has ensured that Visa continues to be a values-driven company,” said Ryan McInerney, CEO of Visa Inc. “Al has led Visa through a fundamental evolution in the payments ecosystem, marked by the emergence of new technologies, a global pandemic and an unprecedented acceleration in the use of digital payments. Through it all, he has driven significant growth in Visa’s business and positioned the company for long-term success as a global payments leader.”
McInerney continued: “John has a deep understanding of our company and his experience will continue to be of enormous value to Visa. I can’t wait to work together.”
About Visa Inc.
Visa (NYSE: V) is a global leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities in more than 200 countries and territories. Our mission is to connect the world through a more innovative, convenient, reliable and secure payments network, enabling people, businesses and economies to thrive. We believe that economies that include all people everywhere improve lives for everyone, and we understand that access is critical to the future of moving money. To learn more, visit Visa.com.
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Investor Relations: Jennifer Como, +1 650-432-7644, [email protected]
Source: BUSINESS WIRE
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