Visa Vows to Increase Black, Latinx Leadership Ranks by 50%

Visa Inc. said it will seek to increase the number of U.S. Black and Latinx executives at the vice president level and higher by 50% in three years.

Within five years, it’s targeting a 50% boost in the number of under-represented colleagues companywide, Chief Executive Officer Al Kelly said in a memo to employees this week. The initial emphasis will be on increasing the ranks of Black employees, he said.

“Our top priority will be to transform our talent-acquisition strategy,” Kelly said. “As part of this transformation, we will establish a dedicated team to focus on attracting and sourcing top ...