PURCHASE, N.Y., Nov. 5 /PRNewswire-FirstCall/ -- MasterCard Incorporated
(NYSE: MA) today announced an organizational realignment designed to improve
performance in the marketplace by broadening executive responsibilities,
hiring a new senior executive and beginning the transition process for the
retirement of its Chief Operating Officer, Alan J. Heuer, at the end of 2008.
Heuer has been appointed to the Office of the CEO where he will hold the
newly created position of Vice Chairman, and will continue to report to
MasterCard President and Chief Executive Officer Robert W. Selander. Also
assuming new responsibilities will be:
- Gary J. Flood, former President, Global Account Management, who has
been appointed to the newly created position of President, Products and
Services, comprising MasterCard Advisors, Marketing and Product.
- Walt M. Macnee, former President, Americas, who has been appointed
President, Global Markets, which comprises MasterCard's Asia Pacific;
Canada; Europe; Latin America and the Caribbean; South Asia, Middle
East and Africa; and U.S. regions.
- Chris A. McWilton, who has served as Chief Financial Officer, has been
named President, Global Accounts, which includes MasterCard's largest
financial-institution customers around the world.
- Martina Hund-Mejean will succeed McWilton as CFO. She joins the company
from Tyco International Ltd., where she served as Senior Vice President
and Treasurer since 2002, when she joined the company as part of the
"new" management team.
These executives report to the Office of the CEO.
W. Roy Dunbar, President, Global Technology & Operations; Noah J. Hanft,
General Counsel and Corporate Secretary; and, Michael W. Michl, Chief
Administrative Officer, continue in their current roles and also will report
to the Office of the CEO.
These nine individuals will comprise the company's Executive Committee,
which will have responsibility for major policy and operating matters across
the company.
Additionally, Timothy H. Murphy has been named President, U.S. region. He
was previously Group Executive, Customer Business Planning and Analysis.
All appointments with the exception of Ms. Hund-Mejean's are effective
November 5. Her appointment will be effective as of November 15. During the
interim period, Chris McWilton will have dual responsibility as CFO and
President, Global Accounts.
"One of my most important responsibilities as CEO is to plan with our
board of directors the continued development of our executive talent, and to
manage succession planning," said Selander. "It's important that our senior
team is composed of executives who have produced results, possess leadership
capabilities and have had challenging experiences in different functions and
geographies.
"I am very pleased that Martina is joining us, as she brings an
outstanding financial and international track record," Selander stated.
Conference Call Details
At 9:30 a.m. EST today, the Company will host a conference call to discuss
the details of this press release.
The dial-in information for this call is 800-259-0251 (within the U.S.)
and 617-614-3671 (outside the U.S.). The passcode is 19761348. Later today, a
replay of the call will be available for one week following the live call. The
replay can be accessed by dialing 888-286-8010 (within the U.S.) and 617-801-
6888 (outside the U.S.) and using passcode 90719063.
The live call and the replay can also be accessed through the Investor
Relations section of the Company's website at www.mastercard.com.
About MasterCard Incorporated
MasterCard Incorporated advances global commerce by providing a critical
economic link among financial institutions, businesses, cardholders and
merchants worldwide. As a franchisor, processor and advisor, MasterCard
develops and markets payment solutions, processes over 16 billion transactions
each year, and provides industry-leading analysis and consulting services to
financial institution customers and merchants. Through its family of brands,
including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers
and businesses in more than 210 countries and territories. For more
information go to www.mastercard.com.
MasterCard Executive Bios (in alphabetical order)
W. Roy Dunbar, President, Global Technology and Operations
W. Roy Dunbar, 46, is President, Global Technology and Operations, for
MasterCard Worldwide. In this role, Mr. Dunbar oversees MasterCard Worldwide's
strategic processing platform, global network and quality of operations. Since
joining MasterCard in 2004, Mr. Dunbar has drawn upon his experience in
technology, sales, marketing, product development, and general management to
further leverage MasterCard technology and processing capabilities for
customers around the world. Previously, Mr. Dunbar worked for Eli Lilly for 14
years where he most recently served as President of Eli Lilly's
Intercontinental Region, with responsibility for operations in Africa, the
Middle East, the Commonwealth of Independent States, Asia, Latin America, and
the Caribbean. Previously, he was Vice President of Information Technology and
Chief Information Officer for Eli Lilly. Born in Jamaica and raised in
England, Mr. Dunbar graduated from Manchester University in the United Kingdom
with a degree in pharmacy. He later received a master's of business
administration from Manchester Business School.
Gary J. Flood, President, Products and Services
Gary Flood, 49, is President of Products and Services for MasterCard
Worldwide. In this capacity, he has responsibility for the key differentiating
products and services that MasterCard delivers to its customer financial
institutions. Areas reporting to Mr. Flood include Marketing, Product and
MasterCard Advisors. Prior to his current position, Mr. Flood was Executive
Vice President of Global Account Management for MasterCard Worldwide. In this
capacity, Mr. Flood oversaw all of the company's efforts to support its
largest global customers. 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. Mr.
Flood joined MasterCard in 1986 as Regional Marketing Director. Before joining
MasterCard, he was National Sales Manager for Citicorp's Merchant Business.
Mr. Flood holds a bachelor's degree in marketing from St. John's University.
Noah J. Hanft, General Counsel and Corporate Secretary
Noah J. Hanft, 54, is General Counsel and Corporate Secretary for
MasterCard Worldwide. In this capacity, he is responsible for legal affairs
and public policy as well as Payment Systems Integrity and Franchise
Development. Since first joining MasterCard in 1984, Mr. Hanft has held
positions of increasing responsibility within the Law Department, including
that of Senior Vice President, U.S. Counsel and Assistant General Counsel. He
briefly left MasterCard from 1990 to 1993 to become Senior Vice President and
Assistant General Counsel of AT&T Universal Card Services. He was previously
associated with the intellectual property law firm of Ladas & Parry in New
York, and he began his career as a trial attorney in the criminal defense
division of the Legal Aid Society. Mr. Hanft has a master of laws degree from
New York University School of Law in trade regulations, a doctor of
jurisprudence degree from Brooklyn Law School, and a bachelor's degree from
American University, School of Government and Public Administration.
Alan J. Heuer, Vice Chairman
Alan J. Heuer, 66, is Vice Chairman of MasterCard Worldwide. In this
position, Mr. Heuer oversees the allocation of MasterCard resources around the
world to ensure that the company operates in the most effective manner
possible for its customers and shareholders. Prior to being appointed Vice
Chairman in 2007, Mr. Heuer was Chief Operating Officer (COO) for MasterCard.
In this position, he oversaw the strategy and implementation of MasterCard
customer-related activities around the world. Previously, Mr. Heuer held
positions at MasterCard as head of the Customer Group and as Executive Vice
President and President of its U.S. Region. Prior to joining MasterCard in
1995, Mr. Heuer was with the Bank of New York, where he served as Executive
Vice President, Retail Banking. Earlier, he served as Chief Banking Officer of
Marine Midland Bank, N.A. In his 28-year tenure at Marine Midland, Mr. Heuer
headed, at various times, regional banking, consumer credit, marketing, human
resources and operations. Mr. Heuer holds a bachelor of arts degree from
Colgate University and a master's in business administration from the Simon
School at the University of Rochester.
Martina Hund-Mejean, Chief Financial Officer
Prior to joining MasterCard, Martina Hund-Mejean, 47, served as Senior
Vice President and Treasurer of Tyco International Ltd. She joined Tyco in
2002 as part of its "new" management. Ms. Hund-Mejean has experience in a
number of areas including treasury, mergers and acquisitions, accounting, and
investor relations. Prior to Tyco, she was Senior Vice President and Treasurer
of Lucent Technologies Inc. (now Alcatel-Lucent). From 1988 to 2000, Ms. Hund-
Mejean held a series of finance positions of increasing responsibility at
General Motors Corporation, both in the U.S. and U.K., including the Assistant
Treasurer post. She began her corporate career as a credit analyst at Dow
Chemical in Frankfurt, Germany. Ms. Hund-Mejean received a Master's degree in
Economics from the University of Freiburg, Germany, and an MBA from the Darden
Graduate School of Business at the University of Virginia.
Walt M. Macnee, President, Global Markets
Walt M. Macnee, 52, is President, Global Markets for MasterCard Worldwide.
In this capacity, he is responsible for MasterCard customer-related activities
around the world. With all regions reporting to him, Mr. Macnee is able to
leverage the company's seamless global structure and presence to the benefit
of its customer financial institutions. Previously, Mr. Macnee was President
of the Americas, with responsibility for building all aspects of MasterCard
issuance and acceptance business in the United States, Canada, Latin America
and the Caribbean. From 2001 to 2004, Mr. Macnee was President of MasterCard
Canada, where he oversaw the company's efforts to provide advanced, secure,
and reliable payment solutions and to strengthen its position in the Canadian
banking industry. Mr. Macnee briefly left MasterCard from 2004 to 2006 when he
served as Executive Vice President, Canadian Imperial Bank of Commerce, in
Toronto. Previously, he spent 18 years with Toronto Dominion Bank. He has
earned several university degrees, including a master's in business
administration from York University.
Chris A. McWilton, President, Global Accounts
Chris A. McWilton, 48, is President of Global Accounts for MasterCard
Worldwide. In this capacity, Mr. McWilton oversees the company's efforts to
support global customer financial institutions, with a particular emphasis on
developing tailored solutions to help customers achieve profitable growth. Mr.
McWilton joined MasterCard in 2003 as Corporate Controller and was appointed
Chief Financial Officer in October of the same year. As CFO, he was
responsible for all financial functions, including financial reporting,
investor relations, planning, treasury, tax, and new markets and investments.
Mr. McWilton led the effort to make MasterCard SOX 404 compliant and helped
complete the company's successful initial public offering in May 2006. Prior
to joining MasterCard, Mr. McWilton had a 22-year career with KPMG, where he
specialized in financial and SEC reporting and was appointed an SEC Reviewing
Partner. Mr. McWilton earned a bachelor's degree in business administration in
accounting from St. Bonaventure University and is a certified public
accountant.
Michael W. Michl, Chief Administrative Officer
Michael W. Michl, 61, is Chief Administrative Officer for MasterCard
Worldwide. In this position, he has responsibility for global human
resources, corporate services and corporate security. Prior to joining
MasterCard in 1998, Mr. Michl was Vice President of Global Human Resources at
Avon Products, Inc. Previously, Mr. Michl spent 23 years with IBM in an
international career including various line and staff positions in sales,
marketing, finance and administration, and human resources for IBM Europe,
Africa, and North America. He graduated from the University of Vienna with a
doctor of law degree.
Timothy H. Murphy, President, U.S. Region
Timothy H. Murphy, 40, is President, U.S. Region, for MasterCard
Worldwide. In this capacity, Mr. Murphy is responsible for building all
aspects of MasterCard business in the United States. The U.S. Region is
MasterCard Worldwide's largest region, generating approximately half of the
company's gross dollar volume. Prior to his current position, Mr. Murphy was
Group Executive of Customer Business Planning & Analysis. Previously, Mr.
Murphy was Senior Vice President and Associate General Counsel for MasterCard.
Among other responsibilities, he managed MasterCard's legal compliance with
Securities & Exchange Commission regulations and for corporate governance
matters. Earlier, Mr. Murphy was Vice President and Senior Counsel of
MasterCard. Before joining the company in 2000, Mr. Murphy was an Associate in
the New York and London offices of Cleary, Gottlieb, Steen & Hamilton, an
international law firm, where he represented clients in connection with
securities and capital markets transactions. Mr. Murphy is a member of the Bar
in New York and Connecticut. He graduated from Amherst College and Harvard Law
School.
Robert W. Selander, President and Chief Executive Officer
Robert W. Selander, 57, is President and Chief Executive Officer of
MasterCard Worldwide. Since his appointment in April 1997, Mr. Selander has
spearheaded key strategic initiatives that have significantly advanced the
company's position as a leader and innovator in the global payments industry.
Foremost on Mr. Selander's list of accomplishments is his vital role in
navigating MasterCard's transition from a membership association to a publicly
traded company. As President and CEO, Mr. Selander also championed the
unveiling of a new corporate brand and corporate identity - MasterCard
Worldwide - positioning the company as a global leader at The Heart of
Commerce(TM). Under his guidance, the world-renowned MasterCard® brand was
revitalized with the launch of the now famous Priceless® advertising
campaign, which has appeared in 109 countries and in 50 languages. Mr.
Selander also implemented a company-wide customer-focused strategy; guided
MasterCard's entrance into the commercial card market; and oversaw the
formation of MasterCard Advisors(TM), the only consultancy solely dedicated to
the payments industry. Throughout his tenure, he has backed numerous programs
to address the evolving needs of modern commerce, including the continued
expansion of innovative payment options, such as MasterCard PayPass(TM). He
has also made substantial investments in technology, building a second-to-none
payments-processing platform. Prior to his appointment as President and Chief
Executive Officer, Mr. Selander served as Executive Vice President and
President of the company's Europe, Middle East/Africa, and Canada Regions.
Before joining MasterCard in October 1994, Mr. Selander spent 20 years with
Citicorp/Citibank, N.A. In his last position there, he was the director of
Global Retail Strategy. Mr. Selander holds a bachelor of science degree in
industrial engineering from Cornell University and a master's degree in
business from Harvard University.
Source:
MasterCard Incorporated