Visa Announces Post-Restructuring Board of Directors and Appointment of Byron Pollitt, Jr. as CFO of Visa Inc.
Visa announced today the individuals who will serve as members of Visa Inc.’s Board of Directors after the completion of the proposed restructuring and the appointment of Byron Pollitt, Jr. as Chief Financial Officer designate of Visa Inc.
The proposed restructuring, which remains subject to member approval, contemplates a series of transactions by which Visa Canada, Visa USA and Visa International will become subsidiaries of Visa Inc.
Visa Europe will retain its member-owned association structure and will become a licensee of Visa Inc. In addition to Joseph Saunders, Chairman and Chief Executive Officer of Visa Inc., the Board of Directors of Visa Inc. will include 10 independent directors and seven directors drawn from each of Visa’s geographic operating regions. * Gary Coughlan, Former Chief Financial Officer and Senior Vice President of Finance, Abbott Laboratories
* Mary B. Cranston, Firm Senior Partner, Pillsbury Winthrop Shaw Pittman LLC * Hans van der Velde, Deputy Chairman of Visa Europe and director of Visa International and Inovant
* Segismundo Schulin-Zeuthen, Chairman of Visa Latin America and Caribbean Region and director of Visa International and Inovant