Ajay has led the strategic and cultural transformation that has enabled the company to prosper
Mastercard announced that Ajay Banga, President and Chief Executive Officer, will switch its position on January 1, 2021. The company said he will get the role of Executive Chairman of the Board of Directors of Mastercard Incorporated.
Mastercard’s Board elected Michael Miebach, Chief Product Officer, to become Chief Executive Officer and a member of the Board of Directors at the beginning of the next year.
As part of the transition, he will become President of the company on March 1, 2020. As President of the company, Miebach will oversee the sales, marketing, products, services, and technology organizations.
Banga, 60, who had been Mastercard’s CEO for 10 years, revealed It had been a privilege to be a part of Mastercard’s transformation as a company.