Mastercard CEO Ajay Banga steps down after 10 years
Banga will become executive chair, while Michael Miebach will become Mastercard president on March 1
25 February 2020 - 16:54
Bengaluru — Mastercard’s CEO of 10 years, Ajay Banga, will step down at the start of 2021, the company said on Tuesday, and be replaced by chief product officer Michael Miebach.
Banga, who took charge of the company just after the 2008-2009 financial crisis, has seen the payment processor's revenue triple during his tenure as online shopping gained prominence around the world...
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