Ajay Banga to retire from Mastercard on December 31
The Hindu
Following a successful decade as Mastercard CEO, Ajay Banga had moved to the executive chairman role in February this year to facilitate a smooth transition
Ajay Banga, one of the topmost Indian-American corporate leaders, and a strong advocate of India-US relationship, would retire from Mastercard at the end of the year, the global credit card company has said.
Announcing retirement on Tuesday of its executive chairman, Mr. Banga, effective on December 31, Mastercard 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 incredible hands for the next phase of growth and innovation,” said Mr. Banga.
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