Martina Hund-Mejean, Mastercard’s Chief Financial Officer, to Retire in 2019
February 13 2019 - 8:00AM
Business Wire
Sachin Mehra Appointed in Planned
Succession
Mastercard today announced that Martina Hund-Mejean, chief
financial officer, will retire after more than a decade in the
role. Sachin Mehra, chief financial operations officer, will
succeed Hund-Mejean as CFO on April 1, reporting to Mastercard
president and chief executive officer, Ajay Banga.
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Martina Hund-Mejean (Photo: Business
Wire)
“We have always been deliberate in the way in which we develop
leaders as part of our succession program,” said Banga. “Sachin is
an outstanding executive who had key roles in the finance
organization and in the product organization, where he led
commercial products and solutions, before returning to finance in
2018 in a broader role as chief financial operations officer. His
deep knowledge of Mastercard and the marketplace will be key to
continuing our Grow, Diversify and Build strategy. He has a keen
understanding of the opportunities ahead of us and how best to
capitalize on them.”
“Martina maintained the highest standard of leadership,
strategic thinking and financial stewardship in her years as CFO,”
Banga continued. “She helped drive the transition of Mastercard to
a publicly-traded company, during which time Mastercard
stakeholders participated in remarkable growth and value creation.
Martina’s tenure is distinguished by her legacy of integrity,
mentorship and promotion of diversity. It’s been my great fortune
and privilege to partner with such an accomplished executive and
respected leader who’s contributed so much to Mastercard’s
success.”
“It’s been an honor to serve the shareholders, employees and
customers of Mastercard for the past 11 years,” said Hund-Mejean.
“I look back at my tenure with pride in our accomplishments and
also tremendous excitement for the opportunities that will come
next. Sachin is a tremendous leader with extensive financial and
international management expertise and the ideal candidate to help
lead Mastercard into the future.”
Mehra joined Mastercard in 2010 as group executive and treasurer
with responsibility for treasury strategy and operations, global
settlement, customer credit risk management and enterprise risk
management. Prior to joining Mastercard, Mehra held treasury and
finance roles of increasing responsibility at the Hess Corporation,
General Motors and GMAC in New York, Singapore, Belgium and
Shanghai. He holds a Masters of Business Administration from the
Darden Business School at the University of Virginia and received
his undergraduate degree in commerce from Sydenham College at the
University of Mumbai, India.
About Mastercard
Mastercard (NYSE:MA), www.mastercard.com, is a technology
company in the global payments industry. Our global payments
processing network connects 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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version on businesswire.com: https://www.businesswire.com/news/home/20190213005379/en/
Investor Relations: Gina Accordino,
investor.relations@mastercard.com, 914-249-4565
Communications: Seth Eisen, Seth.Eisen@mastercard.com,
914-249-3153
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