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Visa (V) elects board member Robert Matschullat as independent chairman to replace the retiring...

Visa (V) elects board member Robert Matschullat as independent chairman to replace the retiring Joseph Saunders, who was also CEO until November. Matschullat, a former chairman and interim CEO at Clorox, will take over from Saunders on April 1. Visa's lead director, John Swainson, will revert to being an ordinary board member in April. Visa is due to hold its annual meeting today. (PR)
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