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Mastercard CEO Ajay Banga to step down

Sumit Arora Last updated on February 27th, 2020 05:28 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, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.