Board of Directors

Robert W. Matschullat (Independent Chair) , , , Former Vice Chairman and Chief Financial Officer, The Seagram Company Limited

Robert W. Matschullat is the independent Chair of our board of directors. From March 2006 to October 2006, Mr. Matschullat served as the interim Chairman and interim Chief Executive Officer of The Clorox Company, a global consumer products company. From January 2004 through January 2005, and from January 2005 through March 2006, he served as both Chairman and Presiding Director of the Clorox board, respectively. He also served as the Vice Chairman of the board of directors and as Chief Financial Officer of The Seagram Company Limited, a global company with entertainment and beverage operations, from 1995 until 2000. Previously, he was head of worldwide investment banking at Morgan Stanley & Co. Incorporated, a securities and investment firm, from 1991 to 1995, and served on the board of directors of Morgan Stanley from 1992 to 1995. Mr. Matschullat is a member of the board of directors of The Clorox Company and The Walt Disney Company. Mr. Matschullat holds a Bachelor of Arts degree in Sociology from Stanford University and a Master of Business Administration degree from the Stanford Graduate School of Business.

Lloyd A. Carney , , , Chief Executive Officer, Brocade Communications Systems, Inc.

Lloyd A. Carney was appointed CEO and 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 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., a networking equipment provider, Nortel Networks Inc., a former telecommunications and data networking equipment manufacturer, and Bay Networks, Inc, a computer networking products manufacturer. Mr. Carney previously was a director of Cypress Semiconductor Corporation and Technicolor S.A. Mr. Carney holds a Bachelor of Science degree in Electrical Engineering Technology and an Honorary PhD from the Wentworth Institute of Technology, and a Master of Science degree in Applied Business Management from Lesley College.

Mary B. Cranston , , , Retired Senior Partner, Pillsbury Winthrop Shaw Pittman LLP

Mary B. Cranston is a Retired Senior Partner of Pillsbury Winthrop Shaw Pittman LLP, an international law firm. She was the Chair and Chief Executive Officer of Pillsbury from January 1999 until April 2006, and continued to serve as Chair of the firm until December 2006. She was Firm Senior Partner until January 2012. Ms. Cranston also serves as a director of the Chemours Company and MyoKardia, Inc. She previously served as a member of the boards of Juniper Networks, Inc. until May 2015, International Rectifier Corporation until January 2015 and of Exponent, Inc. and GrafTech International, Inc., until May 2014. Ms. Cranston holds an A.B. degree in Political Science from Stanford University, a Juris Doctor degree from Stanford Law School, and a Master of Arts degree in Educational Psychology from the University of California, Los Angeles.

Francisco Javier Fernández-Carbajal , , , Former Chief Executive Officer, Corporate Development Division, Grupo Financiero BBVA Bancomer, S.A.

Francisco Javier Fernández-Carbajal has been a consultant for public and private investment transactions and a wealth management advisor since January 2002. Mr. Fernández-Carbajal also has served as Director General of Servicios Administrativos Contry S.A. de C.V., a privately held company that provides central administrative and investment management services, since June 2005. From July 2000 to January 2002, Mr. Fernández-Carbajal served as Chief Executive Officer of the Corporate Development Division of Grupo Financiero BBVA Bancomer, S.A., a Mexico-based banking and financial services company that owns BBVA Bancomer, one of Mexico’s largest banks. Prior to this role, he held other senior executive positions at Grupo Financiero BBVA Bancomer since joining in September 1991, serving as President from October 1999 to July 2000, and as Chief Financial Officer from October 1995 to October 1999. Until August 2007, Mr. Fernández-Carbajal also served as a member of the boards of several publicly-traded companies in Mexico, including Grupo Bimbo, S.A.B. de C.V., Grupo Gigante, S.A.B. de C.V., IXE Grupo Financiero, S.A.B. de C.V., and Grupo Lamosa, S.A.B. de C.V.; until March 2008, as a member of the board of El Puerto de Liverpool, S.A.B. de C.V.; until August 2011, as a member of the board of Grupo Aeroportuario del Pacifico, S.A.B. de C.V.; and until May 2014, as a member of the board of Fresnillo, PLC. He currently serves on the boards of directors of CEMEX S.A.B. de C.V. and Fomento Economico Mexicano, S.A.B. de C.V. He also serves on the board of directors of ALFA S.A.B. de C.V., which trades only on the BOLSA in Mexico. Mr. Fernández-Carbajal holds a degree in Mechanical and Electrical Engineering from the Instituto Tecnológico y de Estudios Superiores de Monterrey and a Master of Business Administration degree from Harvard Business School.

Gary Hoffman , , , Chief Executive Officer, Hastings Group

Mr. Hoffman has been the Chief Executive Officer of Hastings Group, a UK insurance provider, since November 2012. Prior to this role, Mr. Hoffman was Chief Executive Officer of NBNK Investments, an investment vehicle formed in August 2010 to establish personal and business retail banking in the UK, from 2011 to 2012. He also served as Chief Executive Officer of Northern Rock PLC, from 2008 to 2010 and Vice Chairman of Barclays PLC, from 2006 to 2008. Prior to that, he served in various other roles at Barclays Group, including Chairman of UK Banking and Barclaycard at Barclays PLC and Chief Executive Officer of Barclaycard. Mr. Hoffman holds a Bachelor of Arts degree in Economics from Queens’ College, Cambridge University and an honorary PhD from the University of Northampton.

Alfred F. Kelly, Jr. , , , Chief Executive Officer, Visa Inc.

Prior to joining Visa Inc, Mr. Kelly worked in industry-leading companies within the financial services, travel and leisure, and consumer products industries. Before becoming CEO of Intersection, he was a management advisor at TowerBrook Capital Partners LP. From 2011 to late 2014, Mr. Kelly served as Chairman, President and CEO of the 2014 NY/NJ Super Bowl Host Committee. He led numerous groups at American Express Co. between 1987 and 2010, including the Global Consumer Group, the Consumer Card Services Group, OPEN from American Express, Consumer Travel, Global Travelers Cheques, the US Merchant Group and Prepaid Services, US Customer Service, and Global Risk Management and Interactive Services. Mr. Kelly joined the board of Visa in 2014 as an independent director and is also presently a director of MetLife Inc. He was the Chairman of the 2015 Papal Visit Committee for NYC and is active in numerous philanthropic endeavors, including as a trustee of the New York Presbyterian Hospital and of Boston College. Mr. Kelly also worked at the White House from 1985-1987 as manager of information systems and at PepsiCo from 1981 to 1985 in strategic planning. He received a bachelor's degree as well as an MBA from Iona College.

Cathy E. Minehan , , , Former Dean of the School of Management, Simmons College and Former President, Federal Reserve Bank of Boston

Cathy E. Minehan is Managing Director of Arlington Advisory Partners, a private advisory services firm. She was Dean of the School of Management at Simmons College from August 2011 to June 2016. Ms. Minehan retired from the Federal Reserve Bank of Boston in July 2007, after serving 39 years with the Federal Reserve System. From July 1994 until her retirement, she was the President and Chief Executive Officer of the Federal Reserve Bank of Boston and served on the Federal Open Market Committee, the body responsible for U.S. monetary policy. She also was the First Vice President and Chief Operating Officer of the Bank from July 1991 to July 1994. Ms. Minehan is a director of Bright Horizons Family Solutions, Inc. and Massachusetts Mutual Life Insurance Company (MassMutual), a private company. Ms. Minehan holds a Bachelor of Arts degree in Political Science from the University of Rochester and a Master of Business Administration degree from New York University.

Suzanne Nora Johnson , , , Former Vice Chairman, The Goldman Sachs Group, Inc.

Suzanne Nora Johnson was the Vice Chairman of The Goldman Sachs Group, Inc., a bank holding company and a global investment banking, securities and investment management firm, from November 2004 until her retirement in January 2007. Prior to this position, she served in various leadership roles since joining Goldman Sachs, including Chair of the Global Markets Institute, head of the Global Investment Research Division, and head of the Global Healthcare Business. She also founded the firm’s Latin American business. Ms. Nora Johnson currently serves as a director of the American International Group, Inc., Intuit Inc., Pfizer Inc., and as a member of the board of several not-for-profit organizations. Ms. Nora Johnson holds a Bachelor of Arts degree in Economics, Philosophy/Religion and Political Science from the University of Southern California and a Juris Doctor degree from Harvard Law School.

David J. Pang , , , Chief Executive Officer, Kerry Group Kuok Foundation Limited, and Chairman, South China Morning Post Group Limited

David J. Pang is the Chief Executive Officer of Kerry Group Kuok Foundation Limited, a charitable organization, and Chairman of the board of directors of SCMP Group Limited, a diversified media company whose publications include the South China Morning Post. Dr. Pang has been an adjunct Professor in the Faculty of Business Administration of The Chinese University of Hong Kong since 2002 and the Faculty of Business of City University of Hong Kong since 2004. He served as Chief Executive Officer of the Airport Authority of Hong Kong, a statutory body in Hong Kong, from January 2001 to February 2007, and as the Corporate Vice President of E.I. DuPont de Nemours and Company, a global science and technology company, and the Chairman of DuPont Greater China from 1995 to 2000. He holds a Masters degree in Engineering from the University of Rhode Island and a Ph.D. in Engineering from the University of Kentucky.

John A. C. Swainson , , , Former President, Software Group, Dell Inc.

John A. C. Swainson was President of the Software Group of Dell Inc., a global computer manufacturer and information technology solutions provider, from February 2012 until its sale to a consortium of private equity firms led by Francisco Partners in November 2016, at which point he joined the board of the divested company as the vice chairman. Prior to joining Dell, Mr. Swainson served as a Senior Advisor to Silver Lake Partners, a global private investment firm, from June 2010 to February 2012. Mr. Swainson was the Chief Executive Officer of CA, Inc. (now CA Technologies), an information technology management software company, from February 2005 to December 2009 and was President and a director of CA, Inc. from November 2004 to December 2009. Prior to his joining CA, Inc., from July 2004 to November 2004, Mr. Swainson was the Vice President of Worldwide Sales for the Software Group of International Business Machines Corporation (IBM), a globally integrated technology company. From 1997 to 2004, Mr. Swainson was General Manager of the Application Integration Middleware division of IBM. He also served as a director of Visa U.S.A. from April 2006 to October 2007, Cadence Design Systems Inc. from February 2006 to May 2012, Assurant Inc. from May 2010 to May 2012 and Broadcom Corporation from August 2010 to May 2012. Mr. Swainson holds a Bachelor of Applied Science degree in Engineering from the University of British Columbia.

Maynard G. Webb, Jr. , , , Founder, Webb Investment Network;Co-Founder, Everwise; Director Yahoo!,, and Everwise

Maynard G. Webb, Jr. is the founder of Webb Investment Network, an early stage investment firm, and a co-founder of Everwise Corporation, a provider of workplace mentoring solutions. Mr. Webb served as the Chairman of the board of LiveOps Inc., a cloud-based call center, from 2011 to 2013 and was its Chief Executive Officer from December 2006 to July 2011. Previously, Mr. Webb was the Chief Operating Officer of eBay, Inc., a global commerce and payments provider, from June 2002 to August 2006, and President of eBay Technologies from August 1999 to June 2002. Prior to joining eBay, Mr. Webb was Senior Vice President and Chief Information Officer at Gateway, Inc., a computer manufacturer, from July 1998 to August 1999, and Vice President and Chief Information Officer at Bay Networks, Inc., a computer networking products manufacturer, from February 1995 to July 1998. Mr. Webb currently serves as a director of Yahoo!,, inc. and Everwise. He previously was a director of Extensity, Inc., an Internet-based employee relationship management solutions company; Gartner, Inc., an information technology research and advisory firm; Hyperion Solutions Corporation, a business performance management software company; and Niku Corporation, an information technology management and governance software company. Mr. Webb holds a Bachelor of Applied Arts degree from Florida Atlantic University.

Founding Directors*

Hani Al-Qadi , , Arab Jordan Investment Bank , , General Manager and CEO

Thomas J. Campbell , , Haas School of Business, University of California, Berkeley , , Former Dean

Charles T. Doyle , , Chairman, Texas Independent Bancshares, Inc. , , Chairman, Texas First Bank

Peter Hawkins , , Australia and New Zealand Banking Group Limited , , Former Group Managing Director, Group Strategic Development

David I. McKay , , Royal Bank of Canada , , President and CEO

Segismundo Schulin-Zeuthen , , Banco de Chile , , Former President, CEO and Chairman

*The Board of Directors has conferred the honorary title of “Founding Director” on each of Messrs. Al-Qadi, Campbell, Doyle, Hawkins, McKay, and Schulin-Zeuthen in recognition of their service and contributions to Visa from 2007-2010. The Founding Directors are not members of the Company’s Board, are not entitled to vote or attend meetings of the Board, and do not have fiduciary duties to Visa or its stockholders.