Mr. Kenneth Sommer

Council Member Biography

Ken Sommer is President and Chief Executive Officer of Port Fortune Investments, a financial consulting firm. Mr. Sommer provides management consulting services to the payments industry. He began this in 2008, focusing on the evolution of the payments industry given recent changes at Visa and Mastercard. With 28 years of experience at Visa and Citigroup, he also has a unique perspective on the financial crisis and the likely impact to the industry. His clients are: money managers, private equity and venture capital firms. He was also the President, Chief Executive Officer, and a Board Member at Visa International. Mr. Sommer departed from Visa in December 2007 after leading a global restructuring in which all Visa entities were merged in order to prepare the firm for its IPO. He joined Visa International in 2000 as Chief Financial Officer from Citigroup, where he had worked since 1982 in a variety of senior finance roles around the world. (This is me - Update Profile)

Employment History

2008 - Unspecified

President and Chief Executive Officer, Port Fortune Investments

2006 - 2007

President, CEO & Board Member, VISA INTERNATIONAL SERVICE ASSOCIATION

2000 - 2006

EVP & CFO, VISA INTERNATIONAL SERVICE ASSOCIATION

1982 - 2000

Chief Financial Officer, Regional, N A CITIBANK