Visa, the world's largest credit card network, on Tuesday said it hired Hans Morris from Citigroup Inc to fill the new position of president of Visa Inc, which is planning to go public by early next year.
Visa also said John Philip Coghlan has resigned as president and chief executive of Visa USA, a post he had held since July 2005. John Partridge, president of Visa's Inovant LLC payment-processing affiliate, will become interim president of Visa USA.
Morris, 48, will start at Visa Inc on September 1. He will run Visa's income-generating businesses, and have oversight of relationships with issuers and merchants and the marketing of the Visa brand. He will move from New York to San Francisco, where Visa is based, and report to Chief Executive Joseph Saunders.
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