Oki Matsumoto Proposed to be Added to the Board
PURCHASE, N.Y.--(BUSINESS WIRE)--
MasterCard Incorporated (NYSE:MA) today announced that its Board of
Directors has nominated Oki Matsumoto for election as an independent
director at the company's June 28, 2016 annual meeting of stockholders.
If elected, along with each of the company's existing directors, the
Board will have 12 members.
“We believe Oki’s global perspective, entrepreneurial mindset and
extensive experience driving innovation in online financial services
will complement the current Board skills,” said Richard Haythornthwaite,
chairman of the Board, MasterCard. “As people and businesses interact
and transact more through digital channels, these insights will help
guide the company’s future, building on our foundation of convenience
and security.”
Matsumoto is chairman and chief executive officer of Monex Group, one of
Japan’s leading online investment banking and asset management
companies, a company he founded in 1999. Matsumoto began his career at
Salomon Brothers, before joining Goldman Sachs in 1990. He was named the
youngest-ever general partner at the time in 1994, eventually rising to
be co-head of the firm’s Tokyo Branch’s FX & Fixed Income business. In
addition to his roles on the boards of Kakaku.com and JIN CO., Matsumoto
is a former member of the economic council to the Japanese prime
minister and the board of the Tokyo Stock Exchange.
MasterCard also announced that, as part of a periodic board review and
refreshment, current directors Marc Olivié and Edward Suning Tian will
not seek re-election. All other members of the current Board will stand
for re-election.
“Both Marc and Ed have been key members of the Board since our initial
public offering ten years ago,” said Ajay Banga, president and CEO,
MasterCard. “Their global perspectives and experiences across a wide
range of consumer and business segments have been integral in helping to
guide the company on our evolution and expansion. The entire Board joins
me in thanking them for their guidance and wish them all the best.”
About MasterCard Incorporated
MasterCard
(NYSE: MA), www.mastercard.com,
is a technology company in the global payments industry. We operate the
world’s fastest payments processing network, connecting consumers,
financial institutions, merchants, governments and businesses in more
than 210 countries and territories. MasterCard products and solutions
make everyday commerce activities – such as shopping, traveling, running
a business and managing finances – easier, more secure and more
efficient for everyone. Follow us on Twitter @MasterCardNews,
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Source: MasterCard Investor Relations