Maersk Raises 2026 Earnings Outlook as Shipping Profits Beat Expectations 
Antofagasta Shares Drop 5% as Miner Cuts 2026 Copper Production Forecast 
LG, Nvidia Expand AI Partnership With Humanoid Robots, AI Factories 
J.P. Morgan Upgrades SanDisk, Sets $2,250 Price Target on AI NAND Growth 
SpaceX Shares Surge as Wall Street Backs AI Growth Potential 
Bank of America to Buy Up to 49.9% Stake in Jio Credit for $1.92 Billion 
Anthropic Eyes $6B Decart AI Acquisition Ahead of Mega IPO 
Micron Stock Upgraded to Buy as New Street Sees $2 Trillion Valuation Potential 
Thyssenkrupp Raises 2026 Profit Outlook as Steel and Materials Units Strengthen 
Pandora Shares Rise as Q2 Results Beat Forecasts, 2026 Outlook Raised 
Apple Develops China-Specific AI Model With Alibaba as Apple Intelligence Launch Nears 
Paramount Weighs CNN Sale as $110B Warner Bros. Discovery Deal Faces Antitrust Fight 
Bill Ackman’s Pershing Square Returns to Netflix With Major New Stake 
Bernstein Picks BYD and Xiaomi as Top China EV Stocks Despite Weaker Demand 
Super Micro Stock Jumps 19% as AI Server Demand Drives Strong 2027 Outlook 
Cisco Forecasts Strong Fiscal 2027 Growth as AI Networking Demand Surges 
Sanrio Shares Plunge as Q1 Profit Miss Overshadows Strong Sales 
Add as a preferred source on Google
Visa Inc. revealed that Alfred Kelly, the chairman of its board of directors, is stepping down. He has also served the company as chief executive officer at one point and is now on his way to retirement.
Visa said in its announcement that the 65-year-old Al Kelly is set to officially leave the board in January 2024. Then again, he will remain in the company until mid-February and serve as a senior adviser until then.
The Chosen Replacement for the Chairmanship Post
According to Bloomberg, the credit card issuer is planning to name John Lundgren as its new chairman of the board. He is a lead independent director and his appointment is still subject to his reelection at the company’s upcoming annual shareholders meeting that is set to take place in January.
In any case, Kelly’s retirement will take effect on Jan. 23 and he will vacate his seat after several years as an executive at Visa Inc. He first joined the firm’s board in 2014 and was named CEO after two years (December 2016). In April 2019, he took over the chairman role.
CEO Expressed Gratitude to the Retiring Exec
“There are many things I admire about Al, such as his strategic mindset, relentless focus on innovation and passion for Visa’s business and its people. But perhaps most of all, I admire how he ensured that Visa remained a company that was guided by its values,” Visa’s chief executive officer, Ryan McInerney, said in a press release.
He added, “Al led Visa through a pivotal evolution in the payments ecosystem, marked by the emergence of new technologies, a global pandemic and an unprecedented acceleration in the use of digital payments. Through it all, he drove significant growth across Visa’s business and positioned the company for long-term success as a global leader in payments.”
Photo by: profivideos/Pixabay
