Mr. Saunders continued, “I have known Charlie Scharf for almost a decade and I believe he is uniquely qualified to lead Visa in the future. He has a record of profitably growing businesses, and managing complex, large-scale global enterprises. He has demonstrated that he knows how to deliver value to customers and to shareholders. I am confident that under his leadership, Visa will continue to grow its core business globally and deliver innovation that meets customer needs. I look forward to working with him to make this transition seamless.”“The board has been working with Joe Saunders to ensure that we found a leader to succeed him who could build on his success and also address the opportunities Visa will face in the future,” said John A. Swainson, lead independent director of the Visa Board. “On behalf of the entire Board, we thank Joe for his tireless work and leadership. The Visa that he will hand over to Charles Scharf is in every way stronger and well-positioned for long-term growth. Joe finalized the merger that created Visa Inc. and led the company through its successful public listing, which provided Visa with an opportunity to fulfill its potential – to invest in global growth.”
Visa Announces CEO Succession Plan, Charles W. Scharf To Become Chief Executive Officer; Joseph W. Saunders To Serve As Executive Chairman
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