Ajay Banga , , , President and Chief Executive Officer

Ajay Banga is president and chief executive officer of Mastercard and a member of its board of directors.

Mr. Banga is a member of the U.S. President’s Advisory Committee for Trade Policy and Negotiations and sits on the board of directors of the U.S.-India Business Council (USIBC), where he served as its longest-tenured chairman. Mr. Banga is a member of the U.S.-India CEO Forum and co-chairs the board of directors of the American India Foundation. He served as a member of President Obama’s Commission on Enhancing National Cybersecurity.

He was awarded the Padma Shri Award by the President of India in 2016. He is a fellow of the Foreign Policy Association and was awarded the Foreign Policy Association Medal in 2012.

Mr. Banga serves on the Executive Committee of the Business Roundtable and the Financial Services Roundtable, as well as vice chairman of the Business Council.

He is a member of the board of overseers of the Weill Cornell Medical College and the board of governors of the American Red Cross.

Mr. Banga serves on the board of directors of The Dow Chemical Company.

Prior to Mastercard, Mr. Banga was chief executive officer of Citigroup Asia Pacific. During his career at Citigroup, he held a variety of senior management roles in the United States, Asia Pacific, Europe, Middle East and Africa. He also oversaw the company’s efforts in microfinance.

Mr. Banga began his career at Nestlé, India, where for 13 years he worked on assignments spanning sales, marketing and general management. He also spent two years with PepsiCo, where he was instrumental in launching its fast food franchises in India as the economy liberalized.

He is a graduate of Delhi University and the Indian Institute of Management, Ahmedabad.

Ann Cairns , , , President, International Markets

Ann Cairns is president, International Markets for Mastercard, responsible for the management of all markets and customer-related activities outside of the United States and Canada. As a member of the company’s Management Committee and based in London, England, she leverages the company’s seamless global structure and presence to the benefit of all stakeholders.

Ms. Cairns brings more than 20 years of experience working in senior management positions across Europe and the U.S., running global retail and investment banking operations. Prior to joining Mastercard in August 2011, she was a managing director and head of the Financial Industry Services group for Europe with Alvarez & Marsal in London. From 2008 to 2011, she led the European team managing the estate of Lehman Brothers Holdings International through the Chapter 11 process.

Previously, Ms. Cairns was chief executive officer, Transaction Banking at ABN-AMRO in London, where she managed a global business with over 5 billion euros in revenue in 50 countries, covering the commercial, retail and financial institutions segments, and reported to the Group Board and served on the bank’s Executive Committee.

Prior to joining ABN-AMRO, Ms. Cairns spent 15 years in senior operational positions at Citigroup, including chief operating officer, e-Business, where she led U.S., European and Japanese operations. She also served as trustee of Charity Bank in the UK.

At the start of her career, Ms. Cairns spent time as an award-winning research engineer, culminating as the head of Offshore Engineer-Planning for British Gas. Managing a team of 50 plus engineers, she was the first woman qualified to go offshore in Britain.

Ms. Cairns received a Bachelor of Science in Pure Mathematics at Sheffield University and a Master of Science in Statistics from Newcastle University, UK.

Gary J. Flood , , , President, Global Products and Solutions

Gary J. Flood is president of Global Products and Solutions for Mastercard. In this role, he leads the development of innovative products and services that benefit consumers, issuers, merchants, partners and governments around the world.

Mr. Flood has responsibility for Mastercard Processing, Enterprise Safety & Security, Mastercard Digital Payments and Labs, Core Products, Mastercard Advisors, and Worldwide Marketing and Communications. He is also a member of the company’s Management Committee.

Prior to his current position, Mr. Flood was executive vice president of Global Account Management for Mastercard. In this capacity, he oversaw all of the company’s efforts to support its largest global customers, including the customer relations staff. His efforts, as well as those of his team, greatly contributed to the company’s significant increases in transaction volume growth.

Previously, Mr. Flood was senior vice president of Consumer Card Product Management and Development, where he spent four years directing all Mastercard consumer credit programs in the United States. During this time, he developed the Mastercard premium card platform; initiated programs in secured, college and Hispanic segments; and developed and managed enhancement support and services for credit products.

Before joining Mastercard in 1986 as regional marketing director, he was national sales manager for Citicorp’s Merchant Business. Mr. Flood holds a bachelor’s degree in marketing from St. John’s University.

Michael Fraccaro , , , Chief Human Resources Officer

Mr. Fraccaro is the chief human resources officer of Mastercard. In this role, he is responsible for all human resources (HR) functions globally, including driving cultural transformation, building leadership capability and creating a company that is “most valued to work for.” He is a member of the company’s Management Committee.

From 2012 until assuming his current role, Mr. Fraccaro served as Executive vice president of human resources, Global Products and Solutions. In this role, he supported the company’s growth in key businesses and markets and optimized talent programs in a competitive environment. He also was responsible for leading the global HR integration of new acquisitions and joint ventures.

Prior to joining Mastercard, Mr. Fraccaro was a core member of the HR leadership team at HSBC Group for nearly 12 years, based in Hong Kong. Earlier, he held senior HR positions in banking and financial services in Australia and the Middle East, working extensively across different cultures.

Mr. Fraccaro holds a Masters of Applied Science, Communication Management from the University of Technology, Sydney and a Bachelor of Education from the Australian Catholic University. He also has accreditation in change management from the Australian Graduate School of Management and attended leadership programs at Duke Fuqua and INSEAD.

Martina Hund-Mejean , , , Chief Financial Officer

Martina Hund-Mejean is chief financial officer for Mastercard. In this position, she is responsible for corporate controller, tax, internal audit, investor relations, strategy, mergers and acquisitions, financial planning and analysis, treasury, risk management, global supply chain, business unit finance and regional finance activities. Ms. Hund-Mejean also sits on the company’s Management Committee.

Prior to joining Mastercard in 2007, Ms. Hund-Mejean served as senior vice president and treasurer of Tyco International Ltd. She joined Tyco in 2002 as part of its “new” management with responsibility for all areas of treasury, mergers, acquisitions, and divestitures. During her tenure with Tyco, she executed $6 billion in financings in order to address Tyco’s 2002/2003 liquidity crisis. She also revamped the company’s capital structure, including debt reduction and share repurchase programs; introduced a new banking infrastructure; implemented revised risk management processes; and was instrumental in streamlining Tyco’s business portfolio, including the 2007 separation of Tyco’s Healthcare and Electronics businesses.

Prior to Tyco, she was senior vice president and treasurer of Lucent Technologies Inc. (now Alcatel-Lucent). In this position, her responsibilities included capital markets, corporate finance, banking, credit and risk management, and investor relations. From 1988 to 2000, Ms. Hund-Mejean held a series of finance positions of increasing responsibility at General Motors Corporation, both in the United States and the United Kingdom, including the assistant treasurer post. She began her corporate career as a credit analyst at Dow Chemical in Frankfurt, Germany.

Ms. Hund-Mejean has been named one of the “100 Most Influential People in Finance” by Treasury & Risk Management magazine three times, one of the “Most Powerful Women in Finance” by American Banker magazine for three consecutive years, and was also named “Woman of the Year – Private Sector” by the Financial Women’s Association. She is a member of the Board of Directors of Prudential Financial, Inc., a member of the Board of Trustees of The University of Virginia, Darden School Foundation and a member of the Board of Directors of the German American Chamber of Commerce-New York.

Ms. Hund-Mejean received a master's degree in economics from the University of Freiburg, Germany, and a Master of Business Administration from the Darden Graduate School of Business at the University of Virginia.

Walt M. Macnee , , , Vice Chairman

Walt M. Macnee is vice chairman, Mastercard. In this capacity, he is responsible for various senior client and government relationships, engaging these important stakeholders on key issues related to the ever-changing payments industry. In addition, he plays a central role in steering the company’s strategy toward the wider merchant community and other key stakeholders.

Previously, Mr. Macnee was president of International Markets, overseeing all markets customer-related activities outside of the United States. Prior to this, he was president, Global Markets, with responsibility for building all aspects of Mastercard issuance and acceptance business globally. Earlier in his tenure, Mr. Macnee served as president of the Americas region and president of Mastercard Canada.

Mr. Macnee briefly left Mastercard from 2004 to 2006 when he served as executive vice president, Canadian Imperial Bank of Commerce, in Toronto. In that position, he was responsible for overall management of the bank’s credit card business and national collections. Previously, he spent 18 years with Toronto Dominion Bank where, in his last position as senior vice president, he had full product management and client service responsibility for payment cards and personal lending.

He has earned several university degrees, including a master's in business administration from York University.

Ed McLaughlin , , , President, Operations and Technology

Ed McLaughlin is president of Operations and Technology for Mastercard and member of the company’s Management Committee. In this role, he oversees all of Mastercard’s technology functions, including the global network, processing platforms, global technology hubs, information security and technology operations.

Prior to this role, he served as chief information officer, directing the development efforts for products and services, implementing the IT digital roadmap, and managing the development of Mastercard’s global tech hubs.

In 2010, McLaughlin was named chief emerging payments officer, leading the development and launch of the company’s digital strategy, partnerships and platforms, including Masterpass, Mastercard Send and Mastercard Digital Enablement System (MDES), the digital token program. McLaughlin joined Mastercard in 2005 as head of bill payment and healthcare, and was named chief franchise development officer in 2008, where his was responsible for the Mastercard global rules, licensing, brand standards and compliance programs.

Prior to joining Mastercard, Mr. McLaughlin was group vice president, Product and Strategy at Metavante, a financial services technology company that included supporting issuing and acquiring processing services, prepaid program management, the NYCE regional debit network, ACH processing, and other services.

Mr. McLaughlin joined Metavante in 2002 through their acquisition of Paytrust, an online payments company for which he was cofounder and CEO. Prior to co-founding Paytrust, Mr. McLaughlin was the executive vice president of product and marketing at LogicWorks, Inc., a data modeling software company.

Mr. McLaughlin is a graduate of the University of Pennsylvania, Wharton School of Business.

Tim Murphy , , , General Counsel and Chief Franchise Officer

Tim Murphy is general counsel and chief franchise officer for Mastercard. In this capacity, he oversees legal affairs, public policy, corporate secretary and compliance. He is also responsible for franchise development and integrity, corporate security and privacy, global diversity and the Mastercard Center for Inclusive Growth. Mr. Murphy is a member of the company’s Management Committee.

Prior to assuming this role, Mr. Murphy was chief product officer, where he was responsible for the management, development and commercialization of payments solutions, creating sustainable competitive advantage for Mastercard and its customers.

Throughout his 17-year tenure, Mr. Murphy has also served as president of the company’s U.S. region, executive vice president of customer business planning and analysis, and senior vice president and associate general counsel for Mastercard.

Before joining Mastercard in 2000, he was an associate in the New York and London offices of Cleary, Gottlieb, Steen & Hamilton, an international law firm.

Mr. Murphy is a member of the board of trustees for the National Urban League and the board of directors for the Network for Teaching Entrepreneurship. Mr. Murphy also serves as chairman of the board of governors for Fairfield College Preparatory School.

He graduated magna cum laude from Harvard Law School and magna cum laude from Amherst College, where he was elected to Phi Beta Kappa.

Craig Vosburg , , , President, North America

Craig Vosburg is president of North America for Mastercard, overseeing the company's customer-facing activities in the United States and Canada, including sales, business development, strategy and relationship management with issuers, merchants, governments and acquirers. He sits on the company’s Management Committee.

Prior to assuming this role, he served as the company’s chief product officer leading the development, commercialization and management of the company’s global core products offerings, which include consumer credit and debit, commercial, prepaid and loyalty solutions.

Mr. Vosburg brings global experience to the role gained through a decade of working in the Asia Pacific region with Mastercard and earlier in his career with Bain & Company and A.T. Kearney.

He originally joined Mastercard in 2006 as head of Mastercard Advisors in Southeast Asia, Greater China, and South Asia/Middle East/Africa. In 2008, he was named managing director of the Mastercard Advisors business in the U.S. and Canada. In 2010, Mr. Vosburg was named group executive, U.S. Market Development, responsible for managing and building relationships within the merchant and acquiring community.

Earlier in his career, Mr. Vosburg was a senior member of the Financial Services practices with Bain & Company and A.T. Kearney, and was a vice president at CoreStates Financial Corporation.

Mr. Vosburg is a past David Rockefeller Fellow at the Partnership for New York City and currently sits on the Board of Directors of the New York Botanical Garden. He holds a Master of Business Administration from The Wharton School at the University of Pennsylvania and a Bachelor of Science in Business Administration from Bucknell University.

David Yates , , , President, Global Real-Time Payments, Mastercard
Chairman, Vocalink, a Mastercard company

David Yates is president of global real-time payments for Mastercard, helping to shepherd the company as it brings more real-time payment options to more people in more places. He also serves as executive chairman of Vocalink, a Mastercard company, and sits on the Mastercard Management Committee.

David is passionate about payments, with 30 years of experience in building payments businesses around the world. Prior to his current role, he served as CEO of Vocalink for six years. His passion for impeccable performance, coupled with a spirit for innovation, has driven the Vocalink business to play a critical role in powering the economies of the world with real-time payments.

During this period, David also served as operating partner with Advent International, advising on the acquisition of WorldPay from RBS, and served on the WorldPay Board from the initial investment through to successful IPO.

Prior to joining Vocalink, David was president of Western Union where he oversaw the development of strategy for e-Commerce, mobile payments, business payments and pre-paid cards globally.

Previously, David spent six years at First Data Corporation (FDC), as president First Data International, managing all of FDC's activities outside of the US, including merchant acquiring, merchant transaction processing, issuer processing and ATM network solutions business units.

David has a master's degree in law from Oxford University and is fluent in German and French.

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