Visa hires new executive VP and CFO

Visa Card digital trail

Visa has appointed Vasant M. Prabhu to succeed executive vice president and chief financial officer Byron Pollitt, who previously announced his intent to retire from the position.

Prabhu joins Visa from NBCUniversal Media where he served as chief financial officer, overseeing the company’s finance function as well as the operations and technical services division, which includes its technical operations, physical plant, corporate services and information technology functions.

Prior to joining NBC Universal in 2014, Prabhu served as the chief financial officer for Starwood Hotels & Resorts Worldwide, Inc. He also served as executive vice president and chief financial officer for Safeway Inc., and held senior leadership roles at The McGraw-Hill Companies, Inc., PepsiCo, Inc. and Booz, Allen & Hamilton.

Mr. Prabhu will report directly to Visa CEO Charlie Scharf, and be responsible for Visa Inc.’s financial strategies, planning and reporting, in addition to all finance operations and investor relations.

“After a thorough global search, we are thrilled to have Vasant join the Visa leadership team,” said Scharf. “Vasant is a seasoned executive with a wealth of experience across a wide range of global businesses. His financial leadership, operational abilities, strategic focus and global mindset will be extraordinarily valuable to us, as we continue to grow our business around the world.”

“I want to thank Byron for his contributions to Visa. He was instrumental in helping transition Visa from a private association to a successful global, public company,” he added. “We will continue to benefit from the great work he has done during his tenure with Visa.”

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