FOSTER CITY, Calif. (AP) — Visa has named Ryan McInerney as president and tapped Elizabeth Buse to head its newly created global solutions group.
The payments processing company said Thursday that McInerney will be responsible for its global client organization and product management. He will also oversee a new solutions group, which will focus on building and bringing to market new products and services to Visa’s issuer, acquirer and merchant clients.
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McInerney, who most recently served as CEO of consumer banking at JPMorgan Chase, will report to Visa Inc. CEO Charlie Scharf.
Buse was Visa’s group president for Asia, Central Europe, the Middle East and Africa. In her new role, she will manage the next generation of products and services in areas such as mobile, information products and processing. She will also be responsible for CyberSource, merchant sales, and expanding the merchant solutions function.
Visa also named Bill Sheedy to lead corporate strategy, mergers and acquisitions, government relations and several other strategic initiatives. He previously served as group president of Americas.
Earlier this month Visa reported fiscal second-quarter earnings of $1.92 per share on revenue of $2.96 billion. The performance easily beat the expectations of analysts polled by FactSet, who predicted earnings of $1.81 per share on revenue of $2.85 billion.
The stock fell $1.88, or 1.1 percent, to $178.26 in morning trading on Thursday. Its shares hit a new all-time high of $184.90 on Monday.
