The executive shuffle is ramping up at Visa (NYSE:V).

The payments company announced Wednesday that John Partridge, 63, will retire as the company's president at the end of March.

In October, Charles Scharf, a former head of retail financial services for JPMorgan Chase (JPM), succeeded Joseph Saunders as chief executive officer.

Partridge and Saunders are expected to remain with the company until March 31.

Visa did not name a successor to Partridge, though it said he will work closely with Scharf on a transition.

"I have known John for more than a decade and have tremendous respect for John's leadership and all that he has accomplished at Visa," Scharf said in a news release. "John and his teams have consistently delivered on our commitment to be the world's most secure and reliable payments system, and I want to thank him for his years of dedication and service."

Partridge, who previously served as Visa's chief operating officer, joined the company in 1999.

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