Visa Announces Leadership Change | business wire

SAN FRANCISCO,–(BUSINESS WIRE)–Visa (V: NYSE) today announced the appointment of Ryan McInerney as CEO, effective February 1, 2023. McInerney currently serves as President of Visa, a role he has held since 2013. He will take over as CEO from Alfred F Kelly, Jr., who has been the company’s CEO since 2016 and its chairman since 2019. Following McInerney’s appointment, Kelly will assume the role of Executive Chairman of the Board.

In his role as President, McInerney was responsible for Visa’s global operations and has provided value to Visa’s financial institutions, acquirers, merchants and partners in more than 200 countries and territories around the world. He led the company’s market teams, business units, product team, dealer team and customer service. Ryan is a seasoned leader in the payments and consumer banking industry with 20 years of experience delivering solutions to clients.

“I can’t think of a better leader to continue to position Visa at the heart of the money movement in increasingly innovative ways,” said Al Kelly, CEO. “Ryan has boundless energy and passion for this business and in his role as President and as my close partner over the past six years he has become intimately acquainted with how Visa works and the exciting opportunities this industry offers. I feel privileged to entrust Ryan with the leadership of this great company and am confident that Visa will be even more successful in the years to come.”

Kelly, current CEO and Chairman of the Board, will assume a new full-time role as Executive Chairman of the Board. During Kelly’s tenure as CEO, Visa delivered accelerated growth across all revenue streams and continued to build its foundation as a company with a strong brand, leading technology and exceptional talent. Kelly successfully led the company through a period of fundamental changes in the payments ecosystem and a key turning point in Visa’s history, with technological developments, outreach expansion and new payment possibilities.

“We are very grateful for Als’ leadership over the past six years. His deep industry expertise and vision for the future have positioned Visa as a payments leader in an evolving and increasingly challenging external environment,” said John F. Lundgren, lead independent director and former chairman and CEO of Stanley Black & Decker, Inc. “Ryan’s appointment reflects the Board’s very well established and thoughtful succession plan. Visa’s success will continue to accelerate as Ryan assumes this new role. He is a seasoned executive who has played a key role in Visa’s growth and innovation. We look forward to continuing to work with him.”

“I am honored and honored to become Visa’s newest CEO,” said Ryan McInerney, President. “I would like to thank Al for his partnership and mentoring over the past few years and the board for their trust. I look forward to continuing to support Visa in delivering innovative solutions that help individuals, businesses and economies thrive.”

About visas

Visa (NYSE: V) is a global leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government agencies in more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network so individuals, businesses and economies can thrive. We believe economies that include everyone everywhere uplift everyone everywhere and see access as fundamental to the future of money. Learn more at Visa.com.

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