Ryan McInerney was chosen by Visa on Thursday to succeed Alfred Kelly as its CEO, who will retire on February 1, 2023.
Since 2013, McInerney has served as Visa’s president, managing the company’s financial institutions, acquirers, merchants, and partners.
The 47-year-old previously served as JPMorgan Chase’s CEO for consumer banking and held executive positions in charge of operations and risk management for the company’s consumer and home lending divisions. Additionally, he oversaw the launch of its mobile banking service.
In a statement, Kelly said, “Ryan has limitless enthusiasm and passion for this business. In his job as President, and as my close partner for the past six years, he has grown intimately aware with how Visa functions and the amazing potential this sector brings.”
Kelly, 64, will take over as executive chairman of Visa. He was chosen as board chairman in 2019 and has been the organization’s CEO since 2016.
He was president of American Express for 23 years before to this. Prior to that, he served as president and chief executive officer of the technology and digital media business Intersection and served as the White House’s director of information systems under President Ronald Reagan.
He serves on the Visa board in addition to the board of Catalyst.
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