Visa creates new chief commercial officer role; appoints Piasecki

Source: Visa International

Visa International announced today the appointment of Matthew A. Piasecki as Chief Commercial Officer, effective 3 January 2005. In this newly created role, Piasecki will have direct responsibility for global strategy, consumer and commercial products, and innovation for Visa Worldwide Services, as well as acquisition / acceptance and operating regulations. Piasecki will be based in Foster City, California and will report to Christopher J. Rodrigues, President and Chief Executive Officer of Visa International.

"We are delighted to have a person of Matthew's caliber join us," said Christopher J. Rodrigues, CEO and President of Visa International.
"Matthew brings a superb knowledge of the financial payments industry, and he will be focused on developing our global strategy and product innovation in ways that benefit our 21,000 members worldwide."

"I am thrilled to join the Visa team and look forward to meeting the challenges of the evolving payments industry," Piasecki said. "Visa is the global electronic payments leader and I look forward to playing a role in Visa's future success."

Piasecki has experience working with leading global payments organizations and major card issuers in Europe and the United States and is well versed in the industry dynamics and product economics of all major types of credit and debit products and electronic cash.

Prior to joining Visa International, Piasecki served as president of Map Management Consulting Ltd., assisting international clients with strategy, business design innovation and cross-border expansion. Before that, he was senior vice-president and head of the UK financial services practice at Mercer Management Consulting.

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