Mr. Scharf said, “The payments industry is an exciting place to be with both the continued migration across the globe to electronic payments and the development of ground-breaking new technologies, and Visa plays an important role in enabling both. Visa is uniquely positioned in this industry to continue its robust growth by providing innovative solutions to its financial institution clients, merchants and their customers everywhere. The management team Joe has led has made Visa into the industry leader and I am excited to build on that momentum in an evolving and dynamic market.”Mr. Scharf added, “As both a client and a director, I have had many opportunities to work closely with Visa’s management team, and I truly believe that Visa is one of the world’s great companies. Great organizations are driven by talented people who are focused on execution excellence. To be a true industry leader also requires constantly innovating, taking risks, and building products and services for the future. I am honored to be able to continue to lead the Visa team towards this end.”
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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