Effective at the beginning of 2021, Michael Miebach, Mastercard’s chief product officer, will succeed AJay Banga as CEO, who has served since 2010.
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Mastercard names new CEO
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Miebach has “as a proven track record of building products and running businesses globally,” Banga said in a statement. “During the course of Michael’s 10 years at Mastercard, he has been a key architect of our multi-rail strategy — including leading the acquisition of Vocalink and the pending transaction with Nets — to address a broader set of payment flows.”
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