Visa has announced that Vice Chair, Chief Financial Officer Vasant Prabhu will depart the Company
on Sept. 30, 2023.
In a statement
announcing his departure, it noted that Prabhu, who joined Visa as
CFO in 2015, will assist the Company with the search for and onboarding of his
replacement, allowing sufficient time for a smooth and successful transition to
his successor before he steps down from his role as Vice Chair, Chief Financial
Officer.
“I want to
thank Vasant for his outstanding strategic and financial leadership over the
past eight years,” said Visa Chief
Executive Officer Ryan McInerney.
“Vasant has played an integral role in
shaping Visa’s strategic transformation as we evolved our business to a network
of networks, introduced new revenue growth drivers including new flows and
value-added services, and executed acquisitions to advance our strategy. He has
also built a strong finance team at Visa.
We appreciate the impact he has had on our business and his full support as we
search for his successor.”
“Vasant has made many significant contributions to our
business during a period of fundamental change in the payments ecosystem,” said Al
Kelly, Visa Executive
Chairman. “I am grateful to him for our
long and successful partnership and what I know will be an enduring friendship.
We look forward to wishing him the very best when he transitions to his next
chapter later this year.”
Prabhu said, “It has been the privilege of my career to
have worked with such an extraordinary team during my tenure at Visa. I am grateful to have played a part in
the tremendous growth of one of the world’s most well-respected brands during a
time of inflection in the company’s history. As I retire, I know that the
company is well-positioned to continue to grow and take full advantage of the
revolution in payments around the globe. I wish Al, Ryan, and the team continued
success.”
