SAN FRANCISCO--(BUSINESS WIRE)--Jan. 29, 2013--
Visa Inc. (NYSE: V) today announced that the company’s Board of
Directors has elected
Robert W. Matschullat
as Visa’s non-executive,
independent chair. The appointment is effective April 1, following the
retirement of executive chair
Joseph W. Saunders
, as planned. At the
same time, John Swainson’s term as Lead Director will end, and he will
return to his position as a member of the company’s Board.
Mr. Matschullat has been a Visa director since October 2007. He has
served as both Chairman and interim Chief Executive Officer of The
Clorox Company and is currently its Lead Director. He also served on the
boards of The Seagram Company Limited, Morgan Stanley & Co. Incorporated
and of the McKesson Corporation. Mr. Matschullat currently serves on the
board of directors of The Clorox Company and The Walt Disney Company.
“I want to thank
John Swainson
for his service as Lead Director and his
exceptional stewardship in the 5 years since the board was created. As
for
Bob Matschullat
, he knows Visa well from his years of Board
service,” said Mr. Saunders. “He possesses a wealth of experience in
global consumer products and corporate finance that has been of great
benefit to the Board and the company. I have enjoyed working with Bob
and the rest of the Visa Board, and as a shareholder I am confident he
will be an effective partner with
Charlie Scharf
, our new CEO, as the
company pursues its global growth strategy.”
About Visa
Visa 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 24,000
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, ahead of time with
prepaid or later with credit products. For more information, visit http://corporate.visa.com.
Forward Looking Statements
This release contains forward−looking statements within the meaning of
the U.S. Private Securities Litigation Reform Act of 1995. By their
nature, forward-looking statements: (i) speak only as of the date they
are made, (ii) are neither statements of historical fact nor guarantees
of future performance and (iii) are subject to risks, uncertainties,
assumptions and changes in circumstances that are difficult to predict
or quantify. Therefore, actual results could differ materially and
adversely from those forward-looking statements because of a variety of
factors including the factors discussed in our most recent Annual Report
on Form 10−K on file with the U.S. Securities and Exchange Commission.
You should not place undue reliance on such statements. Unless required
to do so by law, we do not intend to update or revise any
forward−looking statement, because of new information or future
developments or otherwise.
Source: Visa Inc.
Visa Inc.
Investor Relations:
Jack Carsky or Victoria Hyde-Dunn
650-432-7644
ir@visa.com
or
Media
Relations:
Erica Harvill, 650-432-1211
globalmedia@visa.com