Portrait

Ajay Banga, 11/10/1959, Executive Chairman

Director since April 2010

Ajay Banga is executive chairman of the board of directors of Mastercard. He moved into this role following 11 years as the company’s president and chief executive officer.

Ajay is a co-founder of The Cyber Readiness Institute, chairman of the International Chamber of Commerce and a trustee of the United States Council for International Business. Ajay is a founding trustee of the U.S.-India Strategic Partnership Forum, a member of the U.S.-India CEO Forum and is chairman emeritus of the American India Foundation. He served as a member of President Obama’s Commission on Enhancing National Cybersecurity. He is a past member of the U.S. President’s Advisory Committee for Trade Policy and Negotiations.

He was awarded the Padma Shri Award by the President of India in 2016, the Ellis Island Medal of Honor in 2019 and the Business Council for International Understanding’s Global Leadership Award. He is a fellow of the Foreign Policy Association and was awarded the Foreign Policy Association Medal in 2012.

Ajay is a member of the Weill Cornell Medicine board of fellows. In addition, Ajay serves as a director of Dow Inc. and is a member of its compensation and governance committees.

Prior to Mastercard, Ajay served as 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.

Ajay 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.

Portrait

Richard Davis *, 02/25/1958, Chief Executive Officer, Make-A-Wish America
Independent Director

Director since June 2018

Mr. Davis brings to the Board extensive payments experience and consumer insight as former CEO, executive chairman and longtime senior executive of a publicly traded financial holding company and former chairman of a banking association and payments company. As a leader and Board member of companies in highly regulated industries, as well as a former Federal Reserve representative, he provides 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.

Current Public Company Boards

  • Dow Inc. (audit and corporate governance committees)

Additional Positions

  • Director, Mayo Clinic

Previous Experience

  • Executive positions at U.S. Bancorp, including Executive Chairman (April 2017-April 2018); Chairman (2007-April 2017); Chief Executive Officer (December 2006-April 2017); President (October 2004-January 2016); and Chief Operating Officer (2004-2006)

Past Public Company Boards

  • U.S. Bancorp
  • DowDuPont Inc. and The Dow Chemical Company (Dow Inc. predecessor boards)
Portrait

Steven J. Freiberg *+, 03/08/1957, Former CEO, E*Trade Financial Corporation
Independent Director

Director since September 2006

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 chairman and as a director of consumer finance and foreign exchange companies provides valuable financial understanding.

Current Public Company Boards

  • Regional Management Corp. (consumer finance) (audit committee and compensation committee chair)

Additional Positions

  • Chairman, Fair Square Financial LLC (credit card-focused venture)
  • Chairman, Rewards Network (marketing and loyalty services provider to restaurant industry)
  • Vice Chairman, Social Finance, Inc. (private personal finance company)
  • Member, TowerBrook Capital Partners L.P. senior advisory board
  • 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)
  • Founder of Grand Vista Partners , the Freiberg Family Investment Office

Additional Mastercard Experience

  • Director of U.S. region board prior to IPO (2001-2006) (Chairman 2004-2006)

Previous Experience

  • Several executive positions at Citigroup (2005-2010), including EVP, Citibank N.A.; Chairman and CEO of Citi Holdings–global consumer; CEO, global cards; Chairman and CEO, global consumer group, N.A.; Co-Chairman, global consumer group; Chairman and CEO, Citi Cards

Past Public Company Boards

  • E*TRADE Financial Corporation
Portrait

Julius Genachowski *, 08/19/1962, Managing Director and Partner, The Carlyle Group
Independent Director

Director since June 2014

Mr. Genachowski brings to the Board extensive digital, technology and media expertise, regulatory experience, 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.

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)
  • Senior executive roles with IAC/InterActiveCorp (Internet and media), including chief of business operations and general counsel
  • 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)

Past Public Company Boards

  • AsiaSat
  • Sprint Corporation
Portrait

Choon Phong Goh *, 07/25/1963, Chief Executive Officer, Singapore Airlines Limited
Independent Director

Director since April 2018

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.

Current Public Company Boards

  • Singapore Airlines Limited

Additional Positions

  • Member and former chairman, Board of Governors of the International Air Transport Association
  • Chairman, Budget Aviation Holdings Pte Ltd
  • Director, SIA Engineering Company (majority owned by Singapore Airlines Limited)
  • Member, Massachusetts Institute of Technology Presidential CEO Advisory Board
  • Member, National University of Singapore board of trustees
  • Member, Association of Asia Pacific Airlines (executive committee)

Previous Experience

  • Executive Vice President, Marketing and the Regions, Singapore Airlines Limited (June 2010-December 2010)
  • President, Singapore Airlines Limited, Cargo (June 2006-February 2010)
  • Previous leadership positions at Singapore Airlines Limited, including Senior Vice President Finance, Senior Vice President Information Technology and Senior Vice President Commercial Technology
Portrait

Merit E. Janow *, 05/13/1958, Dean, School of International and Public Affairs (SIPA), Columbia University
Lead Independent Director

Director since June 2014

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 a strong focus. Her university career, public board service and other initiatives provide significant insights on technology, innovation and digital matters, including in cyber security. Professor Janow also brings deep experience in dealing with governments and regulatory bodies through both her past government service and her career at SIPA, as well as through her service on not-for-profits and advisory bodies.

Current Public Company Boards

  • Trimble Inc. (compensation committee)

Additional Positions

  • Lead, Columbia University’s SIPA Tech & Policy Initiative, including serving as Co-Chair, New York Cyber Task Forces
  • Director and proxy committee member, 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
  • Charter member, International Advisory Council of China Investment Corporation

Previous Experience

  • Leadership positions at Columbia University, including director, international finance and economic policy program; director, master’s program in international affairs; and 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
  • Nasdaq Stock Market, Inc., past chairman
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Oki Matsumoto *, 12/19/1963, Founder, Chairman and CEO, Monex Group, Inc.
Independent Director

Director since June 2016

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.

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
  • Member, Council on Foreign Relations
  • Former member, Economic Counsel to the Prime Minister of Japan
  • Former director, Tokyo Stock Exchange (2008-2013)

Previous Experience

  • Founded Monex, Inc. (financial services) in 1999; held management roles, including representative director and CEO (1999-2016)
  • General Partner, Goldman Sachs Group, L.P. (1994-1998)
  • Vice President, Goldman Sachs Japan Co. Ltd. (1992-1994) and analyst (1990-1992)
  • Analyst, Salomon Brothers Asia Limited (1987-1990)

Past Public Company Boards

  • JIN Co., Ltd.
  • Kakaku.com, Inc.
  • UZABASE, Inc.
Portrait

Michael Miebach, 9/12/1967, Chief Executive Officer, Mastercard Incorporated

Michael Miebach is chief executive officer of Mastercard and a member of the company’s board of directors.

He is leading the company into a more digital world where the continued application of new technologies will further enable payments to become more seamless in the overall purchasing experience, while bolstering cyber services and data-powered insights.

Over the past five years, first as chief product officer and then president, Michael was critical to setting the strategy that transformed the company’s offerings from a consumer card-centric business to a platform supporting choice in how businesses, people and governments make payments. This strategy, combined with the company’s customer focus, helped Mastercard evolve and diversify into new areas including real-time payments, open banking, digital identity and other value-added services.

His collaborative approach creates scalable and trusted solutions for the exchange of payments and data and can be seen in his leadership of the acquisitions of Vocalink and Finicity, as well as the pending transaction with Nets – each expanding Mastercard’s range of payment flows.

Michael joined Mastercard in 2010 to lead its Middle East and Africa operations, where he helped shape and advance the company’s financial inclusion efforts with targeted solutions for governments and their citizens across the region. Earlier in his career, Michael held senior roles at both Barclays Bank and Citibank.

He is a member of the digital advisory council of Fannie Mae, which makes sustainable homeownership and workforce rental housing a reality for millions of Americans, and a member of the board of directors for the nonprofit Accion, which gives people across the world the financial tools and services they need to prosper.

Michael is also a board member at large for the Ronald McDonald House New York City, a charity that offers vital resources and compassionate care to children and their families being treated by the world’s leading pediatric cancer hospitals.

Michael holds a Master of Business Administration from the University of Passau in Germany.

Portrait

Youngme Moon*, 04/24/1964, Donald K. David Professor of Business Administration, Harvard Business School
Independent Director

Director since June 2019

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 experience based on her service as a director at several retail and retail-centric consumer products companies.

Current Public Company Boards

  • Unilever (Vice Chair and Senior Independent Director) (corporate responsibility committee

Additional positions

  • Director of Warby Parker and Sweetgreen, Inc. (compensation committee)

Previous Harvard Business School Experience

  • Senior Associate Dean and Chair of MBA Program (2010)
  • Donald K. David Professor of Business Administration (2007- present)
  • Associate Professor (2003-2007)
  • Assistant Professor (1998-2003)

Past Public Company Boards

  • Avid Technology, Inc.
  • Rakuten, Inc.
  • Zulily, Inc.
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Rima Qureshi *, 01/04/1965, Executive Vice President and Chief Strategy Officer, Verizon Communications Inc.
Independent Director

Director since April 2011

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, regional management, research and development, sales and services. Having spent many years working in the telecommunications and information technology industries and having completed the NACD/Carnegie Mellon CERT certification in cybersecurity oversight, Ms. Qureshi provides the Board with relevant payments and information security expertise.

Additional Positions

  • Director, GSMA Board (telecom industry association board) (audit committee)
  • Director, Verizon Foundation
  • Member, McGill University International Advisory Board

Previous Experience

  • Executive positions at Ericsson, including President, North America (2017); Senior Vice President, chief strategy officer and head of M&A (2014-2016)
  • Additional positions at Ericsson (1993-2014), including Senior Vice President and head of business unit CDMA mobile systems (2010-2012)
  • IT consultant, DMR Group Inc.

Past Public Company Boards

  • Great-West Lifeco Inc.
  • Wolters Kluwer
Portrait

José Octavio Reyes Lagunes *, 03/13/1952, Former Vice Chairman, The Coca-Cola Export Corporation, The Coca-Cola Company
Independent Director

Director since January 2008

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.

Current Public Company Boards

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

Previous Experience

  • Vice Chairman, The Coca-Cola Export Corporation, The Coca-Cola Company (2013-2014)
  • Executive positions at The Coca-Cola Company, including President, Latin America Group (2002-2012) and President, Coca-Cola de México (1996-2002)
  • Additional management positions at The Coca-Cola Company (1980-1996), including 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
  • Grupo IRSA, a Monsanto Company joint venture (five years’ experience)

Past Public Company Boards

  • Keurig Green Mountain, Inc.
Portrait

Gabrielle Sulzberger *, 08/01/1960, Strategic Advisor, Two Sigma Impact
Independent Director

Director since December 2018

Ms. Sulzberger brings to the Board extensive financial experience and insight as the general partner of a private equity firm, Chief Financial Officer of several companies, and a U.S. public company audit committee financial expert and former board chairman. She contributes strong consumer insight, global perspective and payments experience 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.

Current Public Company Boards

  • Brixmor Property Group Inc. (audit committee financial expert; nominating & corporate governance chairman
  • Cerevel Therapeutics Holding, Inc. (audit committee chair; nominating & corporate governance)

Additional Positions

  • Director, Acorn Advisors LLC (audit committee)

Previous Experience

  • Interim CEO, Johnson Products Company (hair care products) (October 2011-February 2013)
  • CFO, Gluecode Software Inc. (2002-2005) (open source software company)
  • CFO, Crown Services (2000-2002) (commercial contractors)

Past Public Company Boards

  • Bright Horizons Family Solutions, Inc..
  • Teva Pharmaceutical Industries Limited
  • The Stage Stores, Inc.
  • Whole Foods Market, Inc.
Portrait

Lance Uggla *, 02/01/1962, Chairman and Chief Executive Officer, IHS Markit Ltd.
Independent Director

Director since June 2019

Mr. Uggla brings to the Board global perspective and innovation insights as the CEO of a publicly traded company that provides information, analytics and solutions to customers in business, finance and government. He provides extensive financial experience as the founder and former Chairman and CEO of a company that offered daily credit default swap pricing services, as well as through several executive management positions at a global investment dealer.

Current Public Company Boards

  • IHS Markit Ltd.

Additional Positions

  • Executive Trustee, Tate Foundation

Previous Experience

  • President and Chief Operating Officer, IHS Markit Ltd. (July 2016 -December 2017)
  • Founder and former Chairman and CEO, Markit Ltd. (June 2014-July 2016) and its predecessor, Markit Group Holdings Ltd. (2003-June 2014)
  • Executive management positions at Toronto-Dominion Securities, including Vice Chairman and Head of Europe and Asia (1995-2003)
Portrait

Jackson Tai *+, 08/01/1950, Former Vice Chairman and Chief Executive Officer, DBS Group and DBS Bank Ltd.
Independent Director

Director since September 2008

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.

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

  • Director, Metropolitan Opera
  • Trustee, Rensselaer Polytechnic Institute
  • Former director, Canada Pension Plan Investment Company
  • Former director, Cassis International Pte. Ltd. (payments technology company)
  • Former director, privately held Russell Reynolds Associates, Inc.
  • Former director, Brookstone Inc. (non-executive chairman and interim CEO (January 2012-May 2012)

Previous Experience

  • Vice chairman and CEO, DBS Group and DBS Bank Ltd. (2002-2007)
  • Prior executive positions at DBS Group (1999-2002), including President and COO and CFO
  • 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.
  • ING Groep N.V.
  • Singapore Airlines Limited

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.