Mastercard Executive Chairman Ajay Banga to retire Dec 31, 2021; Merit Janow named Chair

Mastercard Inc

Ajay Banga, 61, will retire as Executive Chairman effective December 31, 2021.
Board unanimously elected Merit Janow as non-executive Independent Chair effective January 1, 2022.
Transition was announced in February 2020 as part of planned succession following CEO Michael Miebach's appointment.
Janow joined the Board in 2014 and previously served as Lead Independent Director and Chair of Nominating & Corporate Governance Committee.

item 5.02 item 9.01

Executive movements

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Appointed

Merit Janow

non-executive Independent Chair

MA · Mastercard Inc

Effective: 2022-01-01
Filed: September 21, 2021, 7:59 PM ET

The Board has elected current Lead Independent Director Merit Janow to serve as non-executive Independent Chair of the Board, effective January 1, 2022.

Departed

Ajay Banga

Executive Chairman

MA · Mastercard Inc

Effective: 2021-12-31
Filed: September 21, 2021, 7:59 PM ET

Ajay Banga, 61, the Company’s current Executive Chairman, will retire effective on December 31, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Merit Janow was elected as non-executive Independent Chair at Mastercard Inc.

Action: elected
Role: non-executive Independent Chair

Exact text from the filing

The Board has elected current Lead Independent Director Merit Janow to serve as non-executive Independent Chair of the Board, effective January 1, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ajay Banga departed as Executive Chairman at Mastercard Inc.

Action: retire
Role: Executive Chairman

Exact text from the filing

Ajay Banga, 61, the Company’s current Executive Chairman, will retire effective on December 31, 2021.

View on SEC.gov

Mastercard Inc filing history →

Source: SEC EDGAR

accession 0001141391-21-000172

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