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Visa Inc. Appoints Kermit R. Crawford to its Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Visa Inc. (NYSE: V) appointed Kermit R. Crawford to its board of directors on October 7, 2022. Crawford, a seasoned executive with 30 years of leadership experience, previously served as president and COO of Rite Aid and held key positions at Walgreens Boots Alliance. His expertise in consumer insights, business strategy, and financial management will be valuable to Visa. With this addition, Visa's board now consists of 12 members. The company continues to lead in digital payments globally, facilitating transactions across over 200 countries.
Positive
Kermit R. Crawford brings over 30 years of leadership experience in consumer and retail sectors.
His expertise will enhance Visa's strategic insights and corporate governance.
Negative
None.
SAN FRANCISCO--(BUSINESS WIRE)--
Visa Inc. (NYSE: V) announced today that Kermit R. Crawford was appointed to its board of directors, effective October 7, 2022.
Mr. Crawford was president and chief operating officer of Rite Aid Corporation from October 2017 until March 2019. Prior to joining Rite Aid, he served as an operating partner and advisor with private equity firm, Sycamore Partners, from July 2015 to February 2017. He also served in various senior leadership roles, including as executive vice president and president of Pharmacy, Health and Wellness at Walgreens Boots Alliance from 1983 to 2014. Mr. Crawford also serves on the boards of directors of C.H. Robinson Worldwide and The Allstate Corporation.
“I am pleased to welcome Kermit to Visa’s board of directors,” said Al Kelly, Chairman and Chief Executive Officer of Visa Inc. “Kermit is a seasoned executive with over 30 years of leadership and operating experience with consumer and retail companies that will be invaluable to Visa. He will provide the board with a deep understanding of consumer experiences and insights, as well as extensive experience in business strategy, risk and financial management, and corporate governance."
Visa Inc. (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payment network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational for the future of money movement. Learn more at Visa.com.
Media Relations
Andy Gerlt, +1 650-432-2990, Press@visa.com
Source: Visa Inc.
FAQ
Who is Kermit R. Crawford and what is his role at Visa?
Kermit R. Crawford was appointed to Visa's board of directors on October 7, 2022, bringing extensive leadership experience from his previous roles at Rite Aid and Walgreens.
What experience does Kermit R. Crawford have?
Crawford has over 30 years of experience in leadership positions within the consumer and retail sectors, including roles at Rite Aid and Walgreens Boots Alliance.
How many members are on Visa's board of directors now?
With Kermit R. Crawford's appointment, Visa's board of directors now has a total of 12 members.
What impact might Crawford's appointment have on Visa?
Crawford's extensive experience in business strategy and consumer insights may provide valuable perspectives that can enhance Visa's operations and governance.
