[By NBC-1TV H. J Yook]Visa Inc. (NYSE: V) today announced that Kelly Mahon Tullier will join the company as Executive Vice President and Deputy General Counsel, effective June 16. She will also serve as a member of the company’s Executive Committee. Ms. Tullier will transition to the role of Executive Vice President and General Counsel on October 1, 2014. She joins Visa from PepsiCo, Inc., where she was the Senior Vice President and Deputy General Counsel.

Ellen Richey, Chief Legal Officer, Chief Risk Officer, and member of the Executive Committee will continue in those roles through September 30, when she will become Vice Chairman - Risk and Public Policy. The Chief Risk Officer and the Chief Audit Executive will report directly to Ms. Richey. Ms. Richey will also lead a newly created function responsible for Public Policy at Visa, which will include ensuring that Visa continues to drive the future of payment security, being our voice with legislators, regulators and clients globally regarding payment system security, and other similar initiatives combining business and policy issues of strategic importance to Visa. She will also be responsible for coordinating global crisis management at the executive level.

“We are thrilled to have Kelly join the Visa team and to create the opportunity for Ellen to guide us through this critical time in the evolution of the payment system,” said Charlie Scharf, Visa’s CEO. “Kelly’s extensive global and broad leadership experience will be a great complement to our outstanding legal team.”

“I have extraordinary respect for Ellen,” Charlie added. “She has helped Visa navigate through many complex issues in her Legal and Risk roles. Her deep expertise and judgment, both at Visa and elsewhere, are invaluable and make her the ideal person to lead global risk management and help us further develop our public policy strategies.”