Wednesday 26 February 2020

Mastercard Names Michael Miebach Next CEO

Mastercard Names Michael Miebach Next CEO

Credit card and electronic payments giant Mastercard (MA) - Get Report on Tuesday named current Chief Product Officer Michael Miebach as its next CEO, replacing current CEO Ajay Banga, who will continue on as the company’s executive chairman effective next January.

 the company announced that Banga will become executive chairman of the board of directors as of Jan. 1, 2021.

Miebach will become CEO and also join the board as of Jan. 1, though he will take on the role of president as of March 1, 2020.

Mastercard Incorporated is an American multinational financial services corporation headquartered in the Mastercard International Global Headquarters in Purchase, New York, United States.

The Global Operations Headquarters is located in O'Fallon, Missouri, United States, a municipality of St. Charles County, Missouri.

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