FOSTER CITY, Calif.--(BUSINESS WIRE)--Jun. 12, 2015--
Visa Inc. (NYSE: V) announced today that its Board of Directors has
elected Lloyd A. Carney as a new independent director, effective June
11, 2015. Mr. Carney will also serve as a member of the Board’s Audit
and Risk Committee.
Mr. Carney was appointed Chief Executive Officer (CEO) and a director of
Brocade Communications Systems, Inc., a global supplier of networking
hardware and software, in January 2013. Prior to this role, he was CEO
and a director of Xsigo Systems, an information technology and hardware
company, from 2008 to 2012. He also served as CEO and chairman of the
board of directors of Micromuse, Inc., a networking management software
company, acquired by IBM, from 2003 to 2006. During his career, Mr.
Carney held senior leadership roles at Juniper Networks, Inc., Nortel
Networks Inc., and Bay Networks, Inc. He was previously a director of
Cypress Semiconductor Corporation and Technicolor S.A.
“I am pleased that after a thoughtful search the Board has chosen Lloyd
to join Visa’s Board of Directors,” said Charlie Scharf, Chief Executive
Officer of Visa Inc. “Lloyd brings tremendous depth of knowledge in
technology networks that will be invaluable to us as we continuously
evolve our network to bring new, secure, innovative payment experiences
to Visa cardholders and clients in more than 200 countries and regions
This new appointment brings Visa’s total Board of Directors to twelve
members. Other members of the Visa Inc. Board of Directors can be viewed
on our Investor Relations website: http://investor.visa.com/corporate-governance/board-of-directors/.
About Visa Inc.
Visa Inc. (NYSE:V) is a global payments technology company that connects
consumers, businesses, financial institutions, and governments in more
than 200 countries and territories to fast, secure and reliable
electronic payments. We operate one of the world’s most advanced
processing networks — VisaNet — that is capable of handling more than
56,000 transaction messages a second, with fraud protection for
consumers and assured payment for merchants. Visa is not a bank and does
not issue cards, extend credit or set rates and fees for consumers.
Visa’s innovations, however, enable its financial institution customers
to offer consumers more choices: pay now with debit, pay ahead of time
with prepaid or pay later with credit products. For more information,
View source version on businesswire.com: http://www.businesswire.com/news/home/20150612005103/en/
Source: Visa Inc.
Jack Carsky or Victoria
John Earnhardt, 415-805-4949