Visa International has named Todd C. Chaffee executive vice president of corporate development and alliances. Promoted from senior vice president, Mr. Chaffee is overseeing the advanced technologies, technology research, business development, and alliance management groups.
He reports to Thomas Kappock, head of the corporate strategy group, who in turn reports to Daniel Eitingon, president of global support services.
Mr. Chaffee, 38, also continues managing the card association's global strategic investment portfolio. In 1996, two years after joining Visa, he became president of Visa Marketplace Inc., a holding company for those investments.
He worked for TRW Information Systems, American Express Co., and Norwest Corp. before joining Visa in 1994 as senior vice president of advanced payment systems. He added the emerging markets and technologies function in 1996 and became senior vice president of corporate development and alliances last year.