Jefferies Remains Bullish as Visa (V) Announces CEO Resignation

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Go back to Jefferies Remains Bullish as Visa (V) Announces CEO Resignation

Visa Announces CEO Succession Plan

October 17, 2016 4:05 PM EDT

Charlie Scharf to Resign as CEO effective December 1; Alfred F. Kelly, Jr. Named CEO

SAN FRANCISCO--(BUSINESS WIRE)-- Visa Inc. (NYSE: V) today announced that Charlie Scharf is resigning as chief executive officer effective December 1, 2016, and the board of directors has unanimously voted to appoint Alfred F. Kelly, Jr. as CEO. Mr. Kelly, a current Visa board member, is the president and chief executive officer of Intersection Co. and the former president of American Express Co.

Mr. Scharf informed the board of directors that he decided to resign... More