Visa said that Gary A Hoffman has resigned as a member of the company’s Board of Directors effective immediately in order to pursue other opportunities. “Gary has been a valuable member of the Visa Inc. Board, and has contributed meaningfully to the Board’s oversight of the successful integration of Visa Europe with Visa,” said Alfred F. Kelly, Jr., Chief Executive Officer, Visa Inc.
Hoffman joined the Visa Inc. Board in June 2016 and served on the Board’s Audit and Risk Committee. Hoffman, who has also served on the Visa Europe Board and currently serves as its Chairman, will be stepping down from that position effective June 30, 2018. Debbie Hewitt, who joined the Visa Europe Board in June 2017 as an independent non-executive director, will become Chair of the Visa Europe Board upon Mr. Hoffman’s departure in June.
“I am pleased to have had a long and productive relationship with Visa through my service on the Visa Europe Board and more recently the Visa Inc. Board,” said, Hoffman. “I am proud of the work we have done to transform Visa’s European business and integrate it with the broader Visa organization. I wish Al and the Visa team continued success.”