A big change is coming to Mastercard, which will soon be marking the end of an era as its longtime CEO Ajay Banga departs from the role of CEO and moves on to the role of Executive Chairman, a position now held by Richard Haythornthwaite, on Jan. 1,...
Mastercard’s Ajay Banga is leaving his post as CEO to assume the company’s executive chairman position effective Jan. 1, 2021, as Chief Product Officer Michael Miebach prepares to take his reins, Mastercard announced on Tuesday (Feb. 25). Banga will take over as chairman for Richard...
As chief innovation officer Garry Lyons prepares to leave Mastercard, the company has announced that its physical and digital payments teams will be integrating into one organization. The structure change becomes effective on April 2, 2018. Lyons, who will depart the company on June 1...
Absent the same impact U.S. tax laws had on other firms recently reporting results, Mastercard put up numbers Thursday (Feb. 1) that topped expectations. Those figures came on the heels of increased spending by the firm’s cardholders both in the U.S. and abroad, the company...
February 26, 2020
A big change is coming to Mastercard, which will soon be marking the end of an era as its longtime CEO Ajay Banga departs from the role of CEO and moves on to the role of Executive Chairman, a position now held by Richard Haythornthwaite, on Jan. 1, 2021. Haythornthwaite has served as chairman since May 2006 and […]
February 02, 2018
Absent the same impact U.S. tax laws had on other firms recently reporting results, Mastercard put up numbers Thursday (Feb. 1) that topped expectations. Those figures came on the heels...
November 01, 2017
Mastercard came out ahead of Wall Street’s forecasts when its Q3 earnings report hit the wires before the markets opened yesterday – notching a beat on both earnings and revenue, with significant...
July 27, 2017
A rise in consumer spending, broad-based across several geographies, helped Mastercard beat Wall Street estimates for the second quarter. The company announced news on Thursday that earnings for the quarter came...
February 23, 2023
The United States has nominated former Mastercard CEO Ajay Banga to lead the World Bank. President Joe Biden announced the nomination Thursday (Feb. 23), citing Banga’s experience in managing businesses, partnering with global leaders, mobilizing public-private resources, and addressing financial inclusion and climate change. “Ajay is uniquely equipped to lead the World Bank at this […]
February 25, 2020
Mastercard’s Ajay Banga is leaving his post as CEO to assume the company’s executive chairman position effective Jan. 1, 2021, as Chief Product Officer Michael Miebach prepares to take his...
March 08, 2018
As chief innovation officer Garry Lyons prepares to leave Mastercard, the company has announced that its physical and digital payments teams will be integrating into one organization. The structure change...
October 11, 2017
Mastercard announced that Gary Flood, president of global products and solutions, will depart the company at the end of the year. After joining Mastercard in 1986 in the sales organization,...
