Visa Inc., the newly restructured San Francisco-based company comprised of Visa Canada, Visa USA, and Visa International, named Byron Pollitt Jr. CFO. Pollitt, 56, joins the payments network operator from Gap Inc. Pollitt is succeeded at Gap by Sabrina Simmons, who is being promoted to executive vice president and acting CFO. Prior to his tenure as Gap's CFO, he spent 13 years with the Walt Disney Co., serving most recently as executive vice president and CFO of Walt Disney Parks and Resorts.
Fannie Mae, the $50.1 billion mortgage finance company based in Washington, appointed Stephen Swad CFO. Swad, 46, has been serving as executive vice president and CFO designate since May. He replaces Robert Blakely, who resigned in August. Blakely remains with Fannie Mae as an executive vice president. From February 2003 to February 2007, Swad served as executive vice president and CFO of AOL LLC . Earlier, he was executive vice president of finance and administration at Turner Entertainment Group.