SAN FRANCISCO--(BUSINESS WIRE)--Mar. 30, 2018--
Visa Inc. (NYSE:V) announced today that Gary A. Hoffman has resigned as
a member of the company’s Board of Directors effective immediately in
order to pursue other opportunities. “Gary has been a valuable member of
the Visa Inc. Board, and has contributed meaningfully to the Board’s
oversight of the successful integration of Visa Europe with Visa,” said
Alfred F. Kelly, Jr., Chief Executive Officer, Visa Inc. “Gary’s advice
and insight will be missed, and on behalf of everyone at Visa, I want to
thank Gary for his contributions to the Visa Inc. Board, as well as his
17 years of service on the Visa Europe Board, and wish him well in his
Mr. Hoffman joined the Visa Inc. Board in June 2016 and served on the
Board’s Audit and Risk Committee.
Mr. Hoffman, who has also served on the Visa Europe Board and currently
serves as its Chairman, will be stepping down from that position
effective June 30, 2018. Debbie Hewitt, who joined the Visa Europe Board
in June 2017 as an independent non-executive director, will become Chair
of the Visa Europe Board upon Mr. Hoffman’s departure in June.
“I am pleased to have had a long and productive relationship with Visa
through my service on the Visa Europe Board and more recently the Visa
Inc. Board,” said, Mr. Hoffman. “I am proud of the work we have done to
transform Visa’s European business and integrate it with the broader
Visa organization. I wish Al and the Visa team continued success.”
About Visa Inc.
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our
mission is to connect the world through the most innovative, reliable
and secure payment network - enabling individuals, businesses and
economies to thrive. Our advanced global processing network, VisaNet,
provides secure and reliable payments around the world, and is capable
of handling more than 65,000 transaction messages a second. The
company’s relentless focus on innovation is a catalyst for the rapid
growth of connected commerce on any device, and a driving force behind
the dream of a cashless future for everyone, everywhere. As the world
moves from analog to digital, Visa is applying our brand, products,
people, network and scale to reshape the future of commerce. For more
information, visit usa.visa.com/aboutvisa, visacorporate.tumblr.com and @VisaNews.
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Source: Visa Inc.
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