Mastercard CEO Ajay Banga to step down, insider Michael Miebach tapped1 min read 25 Feb 2020, 07:30 PM IST
Michael Miebach will also get a seat on the board at the company, based in Purchase, New York
While Ajay Banga, who took over as CEO in April 2010, will become executive chairman, Miebach will take over as the company’s president on March 1
Mastercard said on Tuesday Chief Executive Officer Ajay Banga will step down at the start of the next year and will be replaced by Chief Product Officer Michael Miebach.
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