Visa Inc. (NYSE: V) announced today that its Board of Directors has elected Lloyd A. Carney as a new independent director, effective June 11, 2015. Mr. Carney will also serve as a member of the Board’s Audit and Risk Committee.
Mr. Carney was appointed Chief Executive Officer (CEO) and a director of Brocade Communications Systems, Inc., a global supplier of networking hardware and software, in January 2013. Prior to this role, he was CEO and a director of Xsigo Systems, an information technology and hardware company, from 2008 to 2012. He also served as CEO and chairman of the board of directors of Micromuse, Inc., a networking management software company, acquired by IBM, from 2003 to 2006. During his career, Mr. Carney held senior leadership roles at Juniper Networks, Inc., Nortel Networks Inc., and Bay Networks, Inc. He was previously a director of Cypress Semiconductor Corporation and Technicolor S.A.
“I am pleased that after a thoughtful search the Board has chosen Lloyd to join Visa’s Board of Directors,” said Charlie Scharf, Chief Executive Officer of Visa Inc. “Lloyd brings tremendous depth of knowledge in technology networks that will be invaluable to us as we continuously evolve our network to bring new, secure, innovative payment experiences to Visa cardholders and clients in more than 200 countries and regions globally.”
This new appointment brings Visa’s total Board of Directors to twelve members.