
Good morning.
Visa CEO Al Kelly announced he’ll hand the top job to president Ryan McInerney on Feb. 1 and become executive chairman. Kelly has been CEO since 2016, and his transition at age 65 is a sign that the Visa board is looking for stability.
McInerney, who was formerly at McKinsey and JPMorgan, has been president of Visa since 2013, and earned a spot that year on Fortune’s 40 Under 40 list. I spoke to both men shortly before the announcement and asked them about the main challenge Visa faces in the next decade. Here’s Kelly: