Visa (NYSE:V) announced today that it has appointed Andrew Torre, a 20-year Visa veteran, as President of Value-Added Services (VAS).

Mr. Torre will replace Antony Cahill who was recently named Regional President and Chief Executive Officer for Visa’s European operations, subject to regulatory approval. Mr. Torre will report to Visa Chief Executive Officer Ryan McInerney and join the Company’s global leadership team. He will be based in San Francisco and take on this role effective immediately.

In his new role, Mr. Torre will be responsible for designing, developing and delivering Visa’s VAS portfolio of products and solutions.

Since 2018, Mr. Torre has served as Visa’s Regional President for Central Eastern Europe, Middle East and Africa (CEMEA).

Mr. Torre originally joined Visa in 2002 in San Francisco where he held global roles in product, strategy and pricing. He became Visa’s Group Country Manager in Russia in 2013 and later served as Group Country Manager for Sub-Saharan Africa before assuming his role leading CEMEA. Earlier in his career, Mr. Torre spent 12 years in the banking industry.

An internal search for Mr. Torre’s replacement has begun, and the Company expects to name his successor shortly.