Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Ford Takes $19.5 Billion Charge as EV Strategy Shifts Toward Hybrids 
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute 
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
FDA Says No Black Box Warning Planned for COVID-19 Vaccines Despite Safety Debate 
South Korea Extends Bond Market Stabilization Measures Amid Rising Financial Risks 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
United Airlines Tokyo-Bound Flight Returns to Dulles After Engine Failure 
China’s Small Bank Consolidation Struggles as Profits Fall and Risks Persist 
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles 
U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push 
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit 
ASX Shares Slide After ASIC Imposes A$150 Million Capital Requirement 
Visa Inc. announces on Thursday, Nov. 17, that it has found a replacement for its outgoing chief executive officer, Al Kelly, who is retiring at age 64. The American financial service company said it has promoted Ryan McInerney and will be the new chief once Kelly officially steps down on Feb. 1, 2023.
While Kelly is retiring from the chief role, he will still be in the company as a member of the board as executive chairman. He has been in the CEO position since 2016 and, in 2019, became the chairman of the board. Before this, he spent 23 years working as president at American Express.
In any case, it was reported that the incoming CEO McInerney has been the company’s president since 2013, and in this role, he has been managing Visa’s financial institutions, merchants, partners, and acquirers.
According to CNBC, McInerney worked at JPMorgan Chase as chief of consumer banking before moving to Visa. At Chase, he has also held operations and risk chief roles at its consumer and lending business units. He was also credited for the launch of its mobile banking service.
He also held the CEO and president role at a tech and digital media company. Lastly, under former President Ronald Reagan, he was the head of information systems at the White House.
“I cannot think of a finer leader to continue to position Visa at the center of money movement in increasingly innovative ways,” Visa’s CEO, Al Kelly, said in a press release. “Ryan has boundless energy and passion for this business and in his role as President, and as my close partner for the past six years, he has become intimately familiar with how Visa operates and the exciting opportunities this industry presents.”
He added, “I feel privileged to entrust Ryan with the leadership of this great company and am confident Visa is poised for more success in the years to come.”
Photo by: Rubaitul Azad/Unsplash
