---
schema_version: "secwatch.filing_event.v1"
accession: "0001141391-21-000191"
form_type: "8-K"
ticker: "MA"
cik: "0001141391"
company_name: "Mastercard Inc"
filed_at: "2021-12-01T23:59:59+00:00"
generated_at: "2026-06-28T04:21:36.074509+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Mastercard Executive Chairman Ajay Banga retiring Dec 31; consulting deal $3M plus expenses through 2022

## Summary
- Ajay Banga retires as Executive Chairman of Mastercard on December 31, 2021.
- He will join General Atlantic as Vice Chairman and continue as ICC Chairman through 2022.
- Mastercard entered a consulting agreement with Banga for $3 million plus reasonable expenses through end of 2022.
- Consulting role includes using client relationships to rebuild connections interrupted by the pandemic.

## SEC filing metadata
- accession: 0001141391-21-000191
- form_type: 8-K
- ticker: MA
- cik: 0001141391
- company_name: Mastercard Inc
- filed_at: 2021-12-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1141391/000114139121000191/0001141391-21-000191-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1141391/000114139121000191/ma-20211201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001141391-21-000191
- JSON: https://secwatch.observer/filing/0001141391-21-000191.json
- Plain text: https://secwatch.observer/filing/0001141391-21-000191.txt

## Key facts
- Executive change
  Ajay Banga departed as Executive Chairman at Mastercard Inc.
  - Action: retiring
  - Role: Executive Chairman
  source text: Mr. Banga, who is retiring as Executive Chairman of Mastercard on December 31, 2021, has also recently agreed with Mastercard to serve as a consultant through the end of 2022 for $3 million plus reasonable expenses.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1141391/000114139121000191/0001141391-21-000191-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.