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Merit E. Janow *, Non-Executive Independent Chair of the Board of Directors
School of International and Public Affairs,
Columbia University

The Board unanimously elected Merit Janow, currently Lead Independent Director, to serve as non-executive Independent Chair of the Board of Directors, effective January 1, 2022.

Professor Janow contributes extensive global perspective as a dean and professor of international economic law and international affairs, especially with respect to the Asia Pacific region where she has an extensive background. Her university career, public board service and other initiatives provide significant insight on technology, innovation, digital matters, cybersecurity and sustainability. Professor Janow brings deep experience in dealing with governments and regulatory bodies through both her past government service and her academic career, as well as through her service on not-for-profits and advisory bodies.

Lead Director since

January 2021

Director since

June 2014

Age at Annual Meeting

63

Board committees

  • NCG (Chair)
  • Audit

Current public company boards

  • Aptiv PLC

Additional Positions

  • Lead, Columbia University’s SIPA Tech & Policy Initiative
  • Board member and proxy committee member of American Funds (a mutual fund family of the Capital Group) (more than 20 funds)
  • Director of Japan Society and National Committee on U.S.-China Relations
  • Member, Council on Foreign Relations
  • Member, Mitsubishi UFJ Financial Group, Inc. global advisory board

Previous experience

  • Several leadership positions at Columbia University (since 1994), including chairman, Advisory Committee on Socially Responsible Investing
  • Member, Appellate Body of the World Trade Organization
  • Executive director, the International Competition Policy Advisory Committee of the U.S. Department of Justice
  • Deputy Assistant U.S. Trade Representative, Japan and China
  • Past chairperson, Nasdaq Stock Market, Inc.

Past public company boards

  • Trimble Inc.
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Candido Botelho Bracher*, Former CEO, Itaú Unibanco Group
Independent Director

Mr. Bracher brings to the Board extensive payments experience and consumer insight as a former CEO and director of a publicly traded financial institution. His experience in highly regulated industries provides valuable perspective on engaging and partnering with regulators. Mr. Bracher’s extensive experience in financial services will contribute strong financial understanding. As a former CEO, he brings extensive experience with respect to culture development and talent management.

Current public company boards

  • Itaú Unibanco Group

Additional Positions

  • Director, BM & FBOVESPA (now known as B3 - Brasil Bolsa Balcão S.A. (Brazil Stock Exchange and Over-the-Counter Market) (2009-2014)
  • Director, Pão de Açúcar - Companhia Brasileira de Distribuição (2005-2013) (alternate member of the Board of Directors, (1999 to 2005))

Previous experience

  • Various senior positions at Itaú Unibanco Group , including General Director, Banco Wholesale (2015 – 2017) and Vice President (2004 – 2015)
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Richard K. Davis *, CEO, Make-A-Wish America
Independent Director

Mr. Davis brings to the Board extensive payments experience and consumer insight as former CEO of a publicly traded financial holding company and former chairman of a banking association and payments company. His experience in highly regulated industries and as a former Federal Reserve representative provide a valuable perspective on engaging and partnering with regulators. Mr. Davis’ extensive experience in financial services and his membership on public company audit and finance committees contribute strong financial understanding. As a CEO, he brings extensive experience with respect to culture development and talent management.

Director since

June 2018

Age at Annual Meeting

63

Board committees

  • Human Resources & Compensation (Chair)

Current public company boards

  • Dow Inc. (audit and corporate governance committees)

Additional Positions

  • Director, Mayo Clinic

Previous experience

  • Several executive positions at U.S. Bancorp (2004-2018), including Executive Chairman (April 2017-April 2018); Chairman (2007-April 2017); CEO (December 2006-April 2017); and President (2004-January 2016)

Past public company boards

  • U.S. Bancorp
  • DowDuPont Inc. and The Dow Chemical Company (Dow Inc. predecessor boards)
  • Xcel Energy, Inc.
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Steven J. Freiberg *+, Former CEO, E*TRADE Financial Corporation
Independent Director

Mr. Freiberg contributes to the Board extensive senior-level payments experience, including leading retail banking and payments businesses. This experience provides global perspective and regulatory insight. His leadership of consumer and global cards businesses also contributes strong consumer and innovation insight. His service as our Audit Committee chair and as a director of consumer finance and foreign exchange companies provides valuable financial understanding.

Director since

September 2006

Age at Annual Meeting

64

Board committees

  • Audit (Chair)
  • Human Resources & Compensation

Current public company boards

  • Compass Digital Acquisition Corp.
  • Portage Fintech Acquisition Corporation (Chairman)
  • Regional Management Corp. (consumer finance) (audit committee and compensation committee chair)

  • SoFi Technologies, Inc. (personal finance company) (Vice Chairman, audit and compensation committees)

Additional Positions

  • Chairman, Rewards Network (marketing and loyalty services provider to restaurant industry)
  • Senior advisory board member, TowerBrook Capital Partners L.P. 
  • Senior advisor, The Boston Consulting Group (global management consulting) and Verisk Analytics, Inc. (data analysis and risk assessment)
  • Director, Purchasing Power, LLC (consumer product purchasing provider)

Previous experience

  • CEO, E*TRADE Financial Corporation (2010-2012)
  • Several executive positions at Citigroup (2005-2010), including Co-Chairman and CEO, global consumer group; Chairman and CEO of Citi Holdings–global consumer; and CEO, global cards

Past public company boards

  • E*TRADE Financial Corporation
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Julius Genachowski *, Managing Director, The Carlyle Group
Independent Director

Mr. Genachowski brings to the Board extensive regulatory and government experience, digital, technology and media expertise, information security insight, a global perspective, and engagement with both consumer and enterprise companies through a career as a senior government official, senior business executive, investor and director at or with technology, media and communications companies. Mr. Genachowski also adds valuable financial knowledge through experience in private equity, at a large public operating company and on public audit committees. He provides strong sustainability experience.

Director since

June 2014

Age at Annual Meeting

58

Board committees

  • Audit
  • Human Resources & Compensation

Current public company boards

  • Sonos Inc. (audit committee and nominating and corporate governance committee chair)

Additional Positions

  • Former member, President’s Intelligence Advisory Board (U.S.)

Previous experience

  • Chairman, U.S. Federal Communications Commission (2009-2013)
  • Several other U.S. government roles, including chief counsel to FCC Chairman; law clerk to U.S. Supreme Court Justice David Souter; and congressional staff member, including for then- Representative Charles Schumer, and for the joint select committee investigating the Iran-Contra affair
  • Senior executive roles with IAC/ InterActiveCorp (Internet and media), including chief of business operations and general counsel

Past public company boards

  • AsiaSat
  • Sprint Corporation
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Choon Phong Goh *, CEO, Singapore Airlines Limited
Independent Director

Mr. Goh brings to the Board strong consumer insight, global perspective and payments experience as the CEO and longtime senior executive of a publicly traded multinational airline. His prior positions in finance and information technology contribute valuable information security experience and financial understanding. As CEO of an airline, Mr. Goh brings extensive experience in talent management, culture development and sustainability, including with respect to climate change.

Director since

April 2018

Age at Annual Meeting

57

Board committees

  • Nominating & Corporate Governance

Current public company boards

  • Singapore Airlines Limited

Additional Positions

  • Chairman, Budget Aviation Holdings Pte Ltd (100% owned by Singapore Airlines Limited)
  • Director, SIA Engineering Company (majority owned by Singapore Airlines Limited)
  • Member, Board of Governors of the International Air Transportation Association

Previous experience

  • Several executive and leadership positions at Singapore Airlines Limited (since 1990), including Executive Vice President, Marketing and the Regions; President, Cargo; Senior Vice President, Finance; and Senior Vice President, Information Technology
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Oki Matsumoto *, Founder, Chairman and CEO, Monex Group, Inc.
Independent Director

Mr. Matsumoto is the founder and CEO of a Japan-based, publicly traded financial services holding company and former director of a stock exchange. Through a career in investment banking, Mr. Matsumoto provides global perspective and extensive financial expertise to the Board. His leadership of a global online securities brokerage firm provides valuable digital and innovation experience. He brings extensive talent management, culture development and sustainability experience.

Director since

June 2016

Age at Annual Meeting

57

Board committees

  • Human Resources & Compensation

Current public company boards

  • Monex Group, Inc. (nominating and compensation committees)

Additional Positions

  • Chairman, Coincheck, Inc., TradeStation Group, Inc. and Monex, Inc., each a subsidiary of Monex Group, Inc.
  • International Board member and Vice Chairman, Human Rights Watch
  • Councilor, International House of Japan
  • Former member, Economic Counsel to the Prime Minister of Japan
  • Former director, Tokyo Stock Exchange (2008-2013)

Previous experience

  • Several executive positions at Monex, Inc. (since 1999), including representative director and CEO
  • Several leadership positions at Goldman Sachs entities (1990-1998), including General Partner, Goldman Sachs Group, L.P.

Past public company boards

  • JIN Co., Ltd.
  • Kakaku.com, Inc.
  • UZABASE, Inc.
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Michael Miebach, President and CEO

Mr. Miebach contributes to the Board extensive global payments experience. As CEO of the company and a previous region president, he provides valuable perspective on engaging and partnering with regulators as well as experience with talent management, culture development and sustainability. Mr. Miebach’s prior experience as our Chief Product Officer provides strong consumer insights, as well as a deep focus on information security and innovation (including with digital and payments technology).

Director since

January 2021

Age at Annual Meeting

53

Additional Mastercard positions

  • President (February 2020 – December 2020)
  • Chief Product Officer (January 2016- February 2020)
  • President, Middle East and Africa (2010-2015)

Additional Positions

  • Director, Accion.org
  • Director, World Resources Institute

Previous experience

  • Managing Director, Middle East and North Africa, Barclays Bank PLC (2008-2010)
  • Managing Director, Sub-Saharan Africa, Barclays Bank PLC (2007-2008)
  • Several executive positions at Citigroup in Germany, Austria, U.K. and Turkey (1994-2007)
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Youngme Moon*, Donald K. David Professor of Business Administration, Harvard Business School
Independent Director

Professor Moon provides to the Board a deep understanding of strategy and innovation as a long-tenured professor at Harvard Business School. She brings strong global perspective and consumer and sustainability experience based on her service as a director at several retail and retail-centric consumer products companies.

Director since

June 2019

Age at Annual Meeting

57

Board committees

  • Human Resources & Compensation

Current public company boards

  • Unilever (corporate responsibility committee)
  • Warby Parker Inc. (compensation committee)
  • Director, Sweetgreen, Inc. (compensation committee; nominating, environmental, and social governance)

Previous experience

  • Several positions at Harvard Business School (since 1998), including Senior Associate Dean for Strategy and Innovation and Chair of the MBA Program

Past public company boards

  • Avid Technology, Inc.
  • Rakuten, Inc.
  • Zulily, Inc.
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Rima Qureshi *, Executive Vice President and Chief Strategy Officer, Verizon Communications Inc.
Independent Director

Ms. Qureshi contributes to the Board global perspective, digital expertise and innovation insight through her extensive senior-level experience at global telecommunications equipment and services providers, including roles in strategy, research and development, sales and services. Her work in the telecommunications and information technology industries and her completion of the NACD/Carnegie Mellon CERT certification in cybersecurity oversight provide the Board with relevant payments and information security expertise. Ms. Qureshi’s experience affords her with a deep background in sustainability.

Director since

April 2011

Age at Annual Meeting

56

Board committees

  • Audit

Additional positions

  • Deputy Chair, GSMA Board (telecom industry association board) (audit committee)
  • Director, Verizon Foundation
  • Deputy Chair, Edison Alliance, World Economic Forum

Previous experience

  • Several executive positions at Ericsson (1993-2017), including President, North America (2017); Senior Vice President, chief strategy officer and head of M&A (2014-2016); and Senior Vice President and head of business unit CDMA mobile systems

Past public company boards

  • Great-West Lifeco Inc.
  • Wolters Kluwer
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José Octavio Reyes Lagunes *, Former Vice Chairman, The Coca-Cola Export Corporation, The Coca-Cola Company
Independent Director

Mr. Reyes contributes global perspective and regulatory experience to the Board as a retired senior executive and Latin America group president of a leading multinational public company. His experience as a beverage industry brand manager in North America and Latin America and as a director of public companies in the beverage industry provides the Board with strong consumer insight and payments experience as well as an extensive background in sustainability.

Director since

January 2008

Age at Annual Meeting

69

Board committees

  • Nominating & Corporate Governance

Current public company boards

  • Coca-Cola HBC AG (social responsibility committee)
  • Coca-Cola FEMSA S.A.B. de C.V. (KOF)

Previous experience

  • Several executive positions at The Coca-Cola Company (1980-2014), including Vice Chairman, The Coca-Cola Export Corporation; President, Latin America Group; President, Coca-Cola de México; manager of strategic planning, Coca- Cola de México; manager, Sprite and Diet Coke brands (corporate headquarters, Atlanta); marketing director for Brazil; and vice president of marketing and operations, Coca-Cola de México

Past public company boards

  • Keurig Green Mountain, Inc.
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Gabrielle Sulzberger *, Strategic Advisor, Two Sigma Impact
Independent Director

Ms. Sulzberger brings to the Board extensive financial experience and insight as a strategic advisor and former general partner of private equity firms, chief financial officer of several companies, and a U.S. public company audit committee financial expert and former board chair. She contributes strong consumer insight, global perspective and payments experience as well as extensive involvement with sustainability as a former director at several U.S. public company merchants, including her service as chairman of a major merchant in the quality retail food business. Her experience as chief financial officer of an open-source software company also provides valuable digital and innovation experience.

Director since

December 2018

Age at Annual Meeting

61

Board committees

  • Audit
  • Nominating & Corporate Governance

Current public company boards

  • Cerevel Therapeutics Holdings, Inc. (audit committee chair; nominating & corporate governance)
  • Eli Lilly and Company (audit and ethics committees)
  • Warby Parker Inc. (compensation committee; nominating & corporate governance committee chair)

Additional positions

  • Director, Acorn Advisors LLC (audit committee)

Previous experience

  • General Partner, Fontis Partners, L.P.
  • CFO, Gluecode Software Inc. (open- source software company)
  • CFO, Crown Services (commercial contractors)

Past public company boards

  • Bright Horizons
  • Teva Pharmaceutical Industries Limited
  • The Stage Stores, Inc.
  • Whole Foods Market, Inc.
  • Brixmor Property Group Inc.
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Jackson Tai *+, Former Vice Chairman and CEO, DBS Group and DBS Bank Ltd.
Independent Director

Mr. Tai brings to the Board extensive global executive experience in payments and retail banking, including as former CEO of a Singapore-based bank and as a director of several global financial institutions. Mr. Tai’s experience as a CFO, his extensive experience as a member of numerous public company audit committees and his career in investment banking provide valuable financial understanding. His service as a director of technology-focused retail and telecommunications companies provides valuable consumer and digital and innovation insight.

Director since

September 2008

Age at Annual Meeting

70

Board committees

  • Audit
  • Nominating & Corporate Governance

Current public company boards

  • Eli Lilly and Company (audit; finance; and directors & corporate governance committees)
  • HSBC Holdings plc (group risk committee chair; group financial system vulnerabilities committee chair; group audit and nominations & corporate governance committees)

Additional positions

  • Former director, Cassis International Pte. Ltd. (payments technology company)
  • Former director, Brookstone Inc.

Previous experience

  • Several executive positions at DBS Group (1999-2007), including vice chairman and CEO, DBS Group and DBS Bank Ltd.; President and COO and CFO
  • Several senior management positions at Investment Banking Division, J.P. Morgan & Co. Incorporated (New York, Tokyo and San Francisco) (1974-1999)

Past public company boards

  • Royal Philips N.V.
  • Bank of China, Limited
  • DBS Group and DBS Bank Ltd.
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Harit Talwar *, Former Partner and Chairman,
Consumer Business (Marcus), Goldman Sachs
Independent Director

Mr. Talwar contributes to the Board extensive senior-level global payments experience and consumer insight through his leadership roles in payments and consumer banking across Europe, India, the Middle East and North America. This experience provides global perspective and regulatory insight. His experience leading complex business functions brings extensive insight with respect to culture development and talent management.

Board committees

  • Human Resources and Compensation

Additional Positions

  • Co-Chairman of the Board, American India Foundation (since 2012)
  • Member, Global Board of Trustees, Asia Society (since 2019)
  • Founder and Sponsor, Ashoka University, Sonipat, Haryana, India

Previous experience

  • Partner and Chairman, Consumer Business (Marcus), Partner (May 2015-January 2021)
  • President, U.S. Cards, Discover Financial Services (January 2008- May 2015)
  • Executive Vice President, Head of Payments, Discover Financial Services (January 2004-January 2008)
  • Head of Consumer Banking International, Morgan Stanley (August 2000-December 2003)
  • Various roles, Citibank (1985–2000)
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Lance Uggla *, Chairman and CEO, IHS Mark-It Ltd.
Independent Director

Mr. Uggla brings to the Board a global perspective as well as deep insight across data, technology and innovation as the chairman and CEO of a publicly traded company that provides information, analytics and digital solutions to customers in business, finance and government. He provides extensive financial experience given his career within financial markets both as a founder and CEO of an information company, as well as through several executive management positions at global investment dealers. Mr. Uggla’s CEO experience contributes strong experience in talent management, culture development and sustainability.

Director since

June 2019

Age at Annual Meeting

59

Board committees

  • Audit
  • Human Resources & Compensation

Current public company boards

  • IHS Markit Ltd.

Additional positions

  • Executive Trustee, Tate Foundation

Previous experience

  • Several executive positions at IHS Markit Ltd. and its predecessors, Markit Ltd., Markit Group Holdings Ltd., and Markit-It Partners, Ltd. (all since 2003), including founder, chairman and CEO (January 2003-July 2016); and President and COO (July 2016-December2017)
  • Executive management positions at Toronto-Dominion Securities (1995-2003), including Vice Chairman and Head of Europe and Asia
  • Head of Global Markets at CIBC Wood Gundy (1986-1995)

Each director is currently serving for a term expiring at the next annual meeting.

Independent Director within the meaning of Section 303A.02 of the NYSE Listed Company Manual.