Mastercard announced that Ajay Banga, Executive Chairman, will retire on December 31, 2021. The Board unanimously elected Merit Janow, currently Lead Independent Director, to serve as non-executive Independent Chair of the Board of Directors, effective January 1, 2022. “With Merit as Chair and the strong foundation Michael Miebach has established as CEO, Mastercard is in…
Mastercard announced a US$10 million (approximately 75 crore rupees) commitment to directly address critical Covid-related needs in India. Over the past few weeks, the country has seen a spike in both Covid diagnoses and deaths, with the healthcare system being stretched to its limits as more than 350,000 new cases are identified each day. The…
Mastercard announced the appointment of Richard Verma as Executive Vice President, Global Public Policy and Regulatory Affairs. He will directly report to Tim Murphy, General Counsel, Mastercard. In his new role, Verma will oversee the company’s public policy, regulatory affairs and litigation teams around the world. Verma brings over 25 years of international experience across…
Global payment facilitator Mastercard Inc. recently announced that it has made some changes to its senior leadership team. The company on Tuesday said that Ajay Banga, CEO of Mastercard for nearly a decade, will be elevated to the position of Executive Chairman of the board. He will be replacing Richard Haythornthwaite, who is due retirement…
Fortune’s 2019 Businessperson of the Year is finally out. There are reasons to feel good about as India’s Satya Nadella, CEO of Microsoft, has topped the list. Nadella is not the only Indian origin CEO who has made it to the Top 20, Ajay Banga (Mastercard) is at 8th spot, and Jayshree Ullal (Arista Networks)…