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 companyâs president on March 1. Michael Miebach, who is currently the companyâs chief product officer. Banga will become the companyâs 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.