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Mastercard chairman Ajay Banga to retire at end of 2021 By Reuters


© Reuters. FILEPHOTO: Ajay Banga, President of Mastercard, speaks with attendees of the Department of Homeland Security Cybersecurity Summit held in Manhattan (New York), U.S.A. on July 31, 2018. REUTERS/Eduardo Munoz

(Reuters) – Mastercard Inc (NYSE:) said on Tuesday executive chairman Ajay Banga will retire on December 31 this year.

Payment processor Merit Janow (current lead independent director) will take over as the non-executive chairman effective January 1, 2022.

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