The Visa Board of Directors elected Lloyd Carney as a new independent director. Mr. Carney will also serve as a member of the Board’s Audit and Risk Committee.
Mr. Carney was appointed Chief Executive Officer (CEO) and a director of Brocade Communications Systems, Inc., a global supplier of networking hardware and software, in January 2013.
Prior to this role, he was CEO and a director of Xsigo Systems, an information technology and hardware company, from 2008 to 2012. He also served as CEO and chairman of the board of directors of Micromuse, Inc., a networking management software company, acquired by IBM, from 2003 to 2006. During his career, Mr. Carney held senior leadership roles at Juniper Networks, Inc., Nortel Networks Inc., and Bay Networks, Inc. He was previously a director of Cypress Semiconductor Corporation and Technicolor S.A.
VisaNet is capable of handling more than 56,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants.
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