Mastercard Names Candido Botelho Bracher to Board of Directors
September 10 2021 - 9:00AM
Business Wire
Mastercard Incorporated (NYSE: MA) today announced that its
board of directors has named Candido Botelho Bracher as an
independent director, effective immediately.
“Candido’s deep and sophisticated experience across the private
sector in Brazil and the broader Latin America region make him a
valuable addition to the board,” said Ajay Banga, executive
chairman, Mastercard. “He is a thoughtful and innovative thinker,
with a bias for action. In his four years at the helm of Itaú,
Candido deepened the bank’s ties with key stakeholders, reinforced
by the positive impact delivered to his customers and employees. We
look forward to his guidance and contribution to the future of our
company.”
Bracher brings more than 30 years of experience in global
financial services to the Mastercard board. He is currently a
member of the board of directors at Itaú Unibanco Group, the
largest financial conglomerate in the southern hemisphere. He
served as the company’s president and chief executive officer from
2017 to February 2021, a capstone to a 14-year career at Itaú.
During his term, the bank ushered in a new digital transformation
and deepened its focus on customer experience.
Bracher held positions at Banco Itamarati, Bahia Corretora,
Banco da Bahia Investimentos and the Development Bank of the State
of São Paulo. Early in his career, Bracher was part of the team
that created BBA Creditanstal in 1988, helping to evolve it into a
leading wholesale investment bank in Brazil. It merged with Itaú in
2003 to form Itaú BBA, the country’s leading investment bank.
Previously, he served as a member of the board of directors of
B3 S.A. – Brasil, Bolsa, Balcão – and Companhia Brasileira de
Distribuição.
Bracher holds a bachelor’s degree in Business Administration
from the Fundação Getulio Vargas (FGV), São Paulo, Brazil.
About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments
industry. Our mission is to connect and power an inclusive, digital
economy that benefits everyone, everywhere by making transactions
safe, simple, smart and accessible. Using secure data and networks,
partnerships and passion, our innovations and solutions help
individuals, financial institutions, governments and businesses
realize their greatest potential. Our decency quotient, or DQ,
drives our culture and everything we do inside and outside of our
company. With connections across more than 210 countries and
territories, we are building a sustainable world that unlocks
priceless possibilities for all. www.mastercard.com
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Media Contact Seth Eisen, Global Communications,
Mastercard +1 (914) 249 3153 | Seth.Eisen@mastercard.com
Investor Contact Seth Pruss, Investor Relations,
Mastercard +1 (914) 249 2264 | Seth.Pruss@mastercard.com
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