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Mastercard CEO Ajay Banga to step down

Sumit Arora Last updated on April 17th, 2023 10:14 am

Mastercard Chief Executive Officer Ajay Banga will step down at the start of the next year and will be replaced by Chief Product Officer Michael Miebach. Banga, who took over as CEO in April 2010, will become executive chairman, Miebach will take over as the company’s president on March 1. Michael Miebach, who is currently the company’s chief product officer. Banga will become the company’s executive chairman, replacing the retiring Richard Haythornthwaite.

Important takeaways for all competitive exams:

President of Mastercard South Asia: Porush Singh.
Mastercard Founded: 1966; Headquarters: New York, US.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.