Visa gets a new CEO

18-OCT-16

Visa announced a CEO succession plan, indicating that CEO Charlie Scharf would resign as he cannot commit 100 percent to spend the time in San Francisco. What the hell? Does he not like catching the tram or something? Does staring at Alcatraz give him the heebie-jeebies after watching that dumb movie with the green balls and Nicholas Cage? Is he a cyclist or runner and the hills are getting him down? Or is the family life taking strain and the commute too much? Whatever the reason, Alfred F. Kelly, Jr. (not related the Alfred E. Neuman) will assume the reigns of what is an incredible opportunity for him personally. A 23 year veteran of American Express, Kelly was in charge of Global Consumer and Consumer Card Services groups. Yes. Kelly is currently a board member at Visa, the company and the culture is nothing new to him. Scharf will deliver results for the last time next Monday evening. Look out for those sports lovers. I personally cannot wait.