MasterCard has appointed Ajay Banga as President and COO. He will be reporting to Robert Selander, current President and CEO. At MasterCard, Mr. Banga will be responsible for key business operations including customer relationships globally in international and US markets, products, services, marketing, technology and operations management.
However, the company’ finance, human resources, and law and franchise integrity functions will continue to report to Mr. Selander.
Mr. Selander said: “Ajay’s experience in diverse industries and diverse geographies will reinforce and strengthen our global competencies as electronic payments continue to accelerate worldwide. With his expertise and leadership we hope to capture even more of the significant global payments opportunity.”
Mr. Banga said: “This is clearly a wonderful opportunity to join a company at the forefront of advancing global commerce. I look forward to joining my new colleagues and continuing the success they have so well architected over the years.”
