The US-India Strategic Partnership Forum (USISPF) announced the appointment of Michael Miebach, Chief Executive Officer of Mastercard, to the Board of Directors. Miebach’s addition reflects a consistent commitment from the senior-most levels of Mastercard to strengthen the U.S.-India corridor and trade and commercial relations between the two countries, a statement said. Welcoming Miebach’s confirmation to the USISPF Board, USISPF…
Mastercard was recognized with the U.S. Secretary of State’s Award for Corporate Excellence for its commitment to expanding economic inclusion in India. The annual Awards for Corporate Excellence (ACE) recognize U.S. companies that uphold high standards as responsible members of their communities and represent American values in the way they do business in their overseas operations. Mastercard was honored…
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 the appointment of Tim Murphy, the company’s general counsel, to the newly created position of chief administrative officer, and elevated Richard Verma, executive vice president for Global Public Policy and Regulatory Affairs, to general counsel and head of Global Public Policy. As general counsel and head of Global Public Policy, Richard Verma will…
Mastercard announced the appointment of Craig Vosburg as Chief Product Officer and named Linda Kirkpatrick to succeed him as President, North America, with both positions effective from January 1, 2021. In his new role, Vosburg will lead a newly integrated products and engineering organization for the company. This includes all areas that are integral to…
Mastercard announced that it has entered into an agreement to acquire Finicity, a leading North American provider of real-time access to financial data and insights. The purchase price is $825 million, and Finicity’s existing shareholders have the potential for an earn-out of up to an additional $160 million, if performance targets are met, the Company…
The coronavirus pandemic has hit the global economy worse than the 2008 financial crisis. Industry experts predict that the impact of the pandemic will last longer than a year. Some industry bodies are also estimating that the pandemic would cost upto 2.5mn jobs globally. Worst-hit among all sectors of the economy, is the small scale…