Shares in Visa, which have gained about 9% so far this year, were down marginally in extended trading after the announcement.
In November, the world’s largest payments processor had also named its president, Ryan McInerney, as its new chief executive officer to steer the company through a challenging period for the payments industry as consumers tighten their spending. “Either way, the fundamentals are a much more important driver of the stock in this case, and management changes are unlikely to affect them.”